Get started

FCPO1!

FCPO Crude Palm OilBullish is trying very hard to push against its 5 & 15 min resistance. Bullish volume in the 1HR chart seems to be working too hard with a little too less, or I can say a formation of Doji. However, the price just closed above the resistance, we will be looking closely at the next candle reaction, whether the bullish is getting weaker or stronger. Here some tip, if the bearish candle goes down easily closing below its support area + with little effort in the volume, then you know that bearish is stronger than the bullish. Again, nothing is clear now, Price is tight right now between various numbers of EMA. Waiting for the "kettle" to reach its final temperature before bursting out to the upside or downside. If it goes up, we can see it will go up to 4300 area or even better, closing the gap. If it goes down, I believe that it will still not going too far, probably will retest again at 4080 area, but hey, money is money. Good Luck.
MYX:FCPOV2021
by AMianz
July21: FCPO (Daily) - Wide Range, Sideways Up...🐮📈Maintain sideways view, price continued rallying on weak volume, reached prev R@ 406x-418x area. Expect some retracement upon violating steep UTL, price may find support near S zone. Major S&R zone R1: 406x-418x Major R2: ~4.4k S1: 366x-386x Major S2: 3.2-3.4k Looking for swing long on retrace. Maintaining longer holding period positions lately due to lack of monitoring time. Lesser posts here, due to TV deleting some of my posts (😤). I still post more in my own public channel. :) Happy Hunting! 🚀 -JK-
MYX:FCPO1!Long
by jeanne_k
May17: FCPO (Daily) - Bulls Likely Take a Breather...🐮📉CPO: Weekly & Daily Up-Channel top reached last week. 🚀✅ Coupled with slight momentum weakness on Hourly, suggesting an overdue retracement might finally take place. In case of continued bullish momentum, mainly driven by macro reasons, look to R1: ~4.6k, R2: ~4.8k Else, price may find support at S1, prev ATH, or UTL1. ❇️April11 Long Call hit R1, next will be R2... ❇️Midterm Bull Cycle: Strong Breakout from R2 marked below from Sept2020... Happy Hunting! Stay Safe! ⭐️ -JK-
MYX:FCPO1!
by jeanne_k
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:
MYX:FCPO1!Long
by jeanne_k
Feb18: FCPO (1D) - Sideways-Up btw 3.5-3.8k before breakout 📈🐮Sideways-Up bias before the eventual Longterm upside breakout to 4k & beyond, commodities are seeing across-the-board rise on hyper-inflationary risk, thanks to massive money printing. CPO price bounced off major S @ ~3200, subsequently reach R1-R3 upside mentioned in previous post. Expect further consolidation near wide range top (3500-3800) region, potential retest UTL, before the expected major breakout to 4k & beyond. 🔔Overhead Resistance: 3.6-3.7k, 3.8k 🔔Support Zone: 3.5k, 3.4k ❇️ All R reached on bounce off range low (check out post link below) ❇️❇️ Major Breakout in progress on Longterm chart, link below Happy Hunting! 🥂🚀 -jk-
MYX:FCPO1!
by jeanne_k