Fcpo
April11: FCPO (Weekly) - Bullish, R@4.4k, 4.6k, 4.8-5k 📈🐮🚀
🔅Fed continue with USD printing, US 10yr bond yield consistently rising touching 1.7-1.8%, US Stocks pumped by stimulus money...
🔅Across-the-board commodity spike especially food & grains...
🔅USD Index continue rising despite excessive printing, suppressing EM markets currencies (including our MYR)...
🌐These are all MACRO reasons why CPO will see higher prices going forward.
⚠️ Risk: CPO entering high-production cycle; fluctuating global export demands due to restricted economic activities; COVID recovery progress.
Maintain mid-term bullish view as per last posted ideas below.
❇️ Follow my TG channel for latest market updates. :)
Mar10 ATH call:
Q1 Bullish Call:
CPO Monthly Bullish Cycle:
FCPO TRADING : 278) uptrend is confirmedthis is haidojo and the number is 278 ...
so after some waiting, no advanced patterns, and sideway has retreated...now uptrend is back...
bull has gained its strength and long on retracement is the best offer frm market now...careful with full-force dropping!
enter only when the market starts to slow down...don't catch "a falling knife" ! that's all...
*plan your trade and trade your plan... gud luck*
resistance : 3875
support : 3500-3600
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
FCPO - Support and Resistance on 24/03/2021 (Wednesday)This is a Support and Resistance for the trading on 24/03/2021 (Wednesday) only...!!!
It is valid on the said trading date.
Red 1: 4052
Red 2: 4034
Blue 1: 3990
Blue 2: 3940
Green 1: 3898
Green 2: 3879
Enjoy and feel it.
Hopefully, it's useful.
This is only for study and educational purposes only.
FCPO TRADING : 273) at the crossroadthis is haidojo and the number is 273 ...
gudbye fcpo-may and welcome fcpo-june...as the new fcpo has arrived, it is still unaware which direction it is going...
for the past 2 days, fcpo has been trading lower...but as long as the previous higher-low is not violated, then we still regard this is as a
continuation uptrend...previous higher-low to observe is ranging frm 3820-3870...if this level is violated, then trend has reversed...
till then, long on dip/retracement...
*plan your trade and trade your plan... gud luck*
higher resistance : 4334 - 4486 (high in 2008)
current resistance : 3890 - 3967 (high in 2011)
support : 3830-3880 (resistant-turn-support)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
FCPO TRADING : 272) uptrend persists
this is haidojo and the number is 272 ...
after hanging in tight range for a few days, fcpo-may has stricken again!
the market has gripped the uptrend flight again and now we can see the bull is dancing towards an uptrend staircase...
what is interesting though is now we have past the previous high which was formed in early Jan this year, ranging frm 3830-3880...
again, we have entered into the territory which was only appeared some 10 years ago...! Yes, the price which only showed up in 2011...
now, this time it is unsure whether fcpo will shoot all the way up to challenge those level again...or subdue to the selling pressure...
we anticipate the price to retest the level of 3890 - 3967...(You can look back in Jan 7th 2021 episode in the link below)
however, something to take note is...fcpo-may is going to end soon...it will expire in a few more days...until next Tuesday, on 16th March 2021, then the new fcpo-June will emerge...whether fcpo-june will continue this bullish sentiment or sudden reverse to the bearish call is still too early to say...let's see what is expecting us next week...
*plan your trade and trade your plan... gud luck*
higher resistance : 4334 - 4486 (high in 2008)
current resistance : 3890 - 3967 (high in 2011)
support : 3830-3880 (resistant-turn-support)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!