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Fcpomalaysia

FCPO 1 March 2023 : Reject or Break Bottom ChannelYesterday, the price formed a creek/ICE formation with SW price before going down to test btm channel. Today : 1. We expect price reaction at the bottom channel. It's already been tested multiple times. Expected to be a bit chaotic today. 2. If the price is not able to break DTL, possible spring/shakeout to break the bottom channel and price back up again into the range before mark up. 3. If price break bottom channel, and sustain below the range, possible mark down. Trading plan : 1. Wait for price reaction at the DTL and btm channel.
MYX:FCPO1!
by ArifHasbollah
FCPO 27 Feb 2023 : Spring or SoW?Last week : 1. Price retest again the UT level at the same supply zone level before going back down again. 2. Price stop at EMA50 30min and Mid channel 3. SBO continues a downtrend after the FCPO market close down almost 2.45%. Expectation : 1. We expect CPO to follow the SBO gap down to 2.4%. 2. Price will break mid-channel and possibly lower channel. 3. When the price test/breaks the lower channel, we expect the price to create SoW or Spring. Planning : 1. For the Wyckoff trader, we did not expect entry during Spring/SoW. We will take a chance during ToS formation or LPS/LPSY formation. Wait for the price reaction at this point. 2. However, for 5min TF, we can find any trading opportunities for a short-term trade. 3. Monitor the 4100 support level. If clear this level, the price might test the 4030 level. 4. If the price still sustains inside the channel and TR, possible to retest fibo 50 or close gap? Below is the expectation from SBO
MYX:FCPO1!Short
by ArifHasbollah
FCPO 23 Feb 2023 : Reaccumulate or Distribution?Yesterday : 1. As expected, price test nearest resistance before going down to test EMA50 30min. 2. Night session price back up again and we notice the volume is diminishing. 3. Notice BCX and AR before ST forming last night's session. 4. Trading in range before UT/UTAD or Spring appears. 5min : 1. MS : sideway structure 2. EMA : EMA12 above EMA50 = uptrend 3. Price above EMA50 = uptrend 4. MACD : Bearish divergence = Good tools to trade in the range.
MYX:FCPO1!
by ArifHasbollah
1
FCPO 22 Feb 2023 : Gap up and UT?1. Yesterday price failed multiple times to break 236 fibo level. However price to able to reach down to 786 fibo level. Buyer and seller are still strong. We can expect price sideway. 2. 15min TF, price already breach EMA50. 30min TF, price still not test EMA50. We expect the price will test it sooner. 3. Channel uptrend is still holding up. Mid channel tested but not cross to the lower track. 4. Market structure: Yesterday's price played in the range. The uptrend is still valid unless the price breakdown and sustains below 4100. 5min : 1. MS : Sideway 2. EMA : Last night EMA12 crosses up EMA50 3. Price to EMA : Not respect either one of EMA = Sideway What is trading plan today? 1. Gap up, price sustain above trading range = BUY 2. Gap up, price backdown into the trading range = SELL trading range
MYX:FCPO1!
by ArifHasbollah
FCPO 17 Feb 2023 : Continue uptrend or consolidate?Yesterday : 1. SnR : Price sustain above the RbS level. 2. Channel : Price respect uptrend channel 3. MS : Price make uptrend structure Planning for Today? 1. SnR : Price may test nearest supply level around 4100~4120 2. Market Structure: For now BUY MS is still intact. Monitor if the price breach MS. 3. EMA: Price still not tested EMA50. Today's price may be consolidated to test EMA50 4. MACD : We see a possible bearish divergence. But it can be retracement only unless the price breakdown buy MS.
MYX:FCPO1!
by ArifHasbollah
FCPO 16 Feb 2023 : High Demand?Yesterday : 1. Price able to break down uptrend channel. However, the support area is still holding up. 2. Maybe the price did reaccumulate again before the gap-up today. Today : 1. Price gap up due to high demand following SBO demand. 2. Price so far sustain above the supply zone. 3. Price still not yet at the immediate resistance level. If breaks above, possible to reach the next resistance level around 4100. 5min : 1. SnR: Price break previous resistance level and sustain above it 2. Market structure: The morning session price is able to make an uptrend structure. 3. EMA12 is above EMA50 : Uptrend 4. Price respect EMA12: Uptrend. This is an entry opportunity today. If price breakdown MS, the possible larger pullback to close gap. Monitor if price able to break EMA50
MYX:FCPO1!Long
by ArifHasbollah
FCPO 14 Feb 2023 : Price breach downtrend channel?1. Channel/Trendline: Yesterday price retest and reject mid-channel before going up to test the upper channel. This indicates strong buyers in the market because not allow prices to go lower channel. 2. SnR: Price plays in the support zone area and is still not decided yet on the direction. 3. Fibo: Price rejects 236 fibo level indicates sideway market still in play. The price might go lower to the 786 level if not able to breach and sustain above the 236 level. 4. MACD: There is no interesting divergence yet. We only see green divergence indicating uptrend movement in play.
MYX:FCPOJ2023
by ArifHasbollah
FCPO 10 Feb 2023 : Bearish divergence in progress?1. SnR: Price not able to sustain above resistance zone 3994. This indicates a strong seller 2. Channel/Trendline: Price break up trendline - Indicate sideway/change direction. 3. Oscillator: MACD from yesterday shows a bearish divergence Expectation : 1. Price will continue bearish momentum until at least close the previous gap. Trading plan as usual : 1. In Early morning, monitor the nearest possible SnR 2. Monitor EMA12 1min TF for entry
MYX:FCPOJ2023Short
by ArifHasbollah
FCPO 9 Feb 2023 : Bearish Divergence?30min TF : 1. Price break resistance and test supply zone and push back below the resistance. 2. Price break uptrend channel. Indicate SW for 30min or change the trend. 3. MACD shows bearish divergence. If the price goes for bearish divergence, possible to close the gap and target to be around 3860. 5min TF : 1. Price crosses EMA50 : Sideway/Change trend 2. EMA12 crosses below EMA50 : Downtrend. Expect price sideway before continue direction.
MYX:FCPOJ2023Short
by ArifHasbollah
FCPO TRADING : 328) a possible short rebound? this is haidojo and the number is 328 ... A brief review of the whole June month, we could see that fcpo-Aug22 and fcpo-Sept22 were faced with a great fall or a heavy rollover all-the-way down frm RM6k ++ till yesterday, when the price had fallen below the RM4k borderline, a full 2000-pts ++ drop, marking the end of the era of RM4k, which started way back in July 2021, last year. As the hyperinflation has reared its ugly head again and threatening the whole economy of the planet, Bank Negara Malaysia (BNM) had made a drastic decision last night, by increasing the interest rate to 25 basis. Fcpo-sept22 hit the bottom at 3740 on 6th July 2022 after the announcement of hike in opr (overnight policy rate) by 25 basis to currently 2.25% by BNM, and most of the economists are expecting another increase of interest rate is imminent in September this year. So, folks, fasten your seat belts and ready for the roller-coaster ride! As what is happening today, fcpo-sept22 is heading for a rebound and it is difficult to judge whether the rebound is authentic or juz a false one, which is well-known as the fake "bull-trap". Also, as I have seen most traders are putting their analysis on the boards, so I wanto put mine too...(hehe, juz "busy-body"). Here is what I think might happen or somethg to watch out. fcpo-sept22 will face first wave of selling at the resistance level at 4180 and if it falls frm here onwards, then we have bear confirmed...and no second thought on that. However, if it still seeks to rebound further passing that 1st resistance level at 4180, then we shall see some heavier sellers at the range of 4380-4480 , the higher resistance level and also the critical ones, since if the price shoots higher frm this, THEN we might have a reversal..."bullish rotation" is said to be happening and we might wanto turn into buying/long. Till then, if the price is ransacked here and pull down making a rollover all the way down, THEN we shall still see it as a temporary rebound and BEAR still wins. There is a bit of information overload today. Hence, you might want to get a hard look at this for a gud sense. That's all for the update today. **plan your trade and trade your plan... gud luck** overhead resistance : 4074-4100 (happening now? wtf?) resistance : 4180 (my expectation of 1st wave selling) higher resistance : 4380-4480 (critical resistance, deciding Bull/Bear) current support : 3880 lower support : 3480 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options 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… this is not a signal service channel and DON'T TREAT IT LIKE ONE! TRADE AT YOUR OWN RISK!
MYX:FCPO1!Short
by HAIDOJO_trading
2
Can CPO Sustain Above 4500?Palm oil plunged as expected last week. Market hit weekly low at 4567 and closed at our 1st resistance level. Main reason of the weakness in CPO market due to the uncertainties over the impact Omicron coronavirus variant which dented demand for CPO. Technical view: 1. Immediate resistance level: 4700-4730 2. Stochastic level= Sell Signal remain Suggestion Trade: Initial Short position Stop Loss at resistance level: 5000-5100 Target Profit level (support level) S1 4500 S2 4385-4400 S3 4200 Disclaimer: Trading Carries Risks. Happy Trading, Cheers.
MYX:FCPO1!Short
by happytrading96
FCPO Another Re-accumulation towards RM5480Happy Deepavali to all Hindu fellows... This is UCL Posting :D 1. The last accumulation hit our conservative TP and currently making a new re-accumulation phase with a triangle pattern. 2. If the price can close above 5090 there is a chance the price will continue the uptrend 3. or else possible downwards movement to form spring formation. 4. Notice massive selling volume on 2 Nov might indicate seller close all their position to enter buy. 5. Price do make higher high.
MYX:FCPO1!Long
by ArifHasbollah
FCPO JAN2022 Contract outlookAs we generally know that CPO products usually have a bullish trend towards the end of the year due to short supply for any reason. Therefore, if the price is still in bullish momentum, there are multiple possibilities. New contract price range (FCPOF2022) Possibilities : 1)If the uptrend is still strong, the JAN2022 contract will try to break higher and close beyond the trendline. 2)If today's price is still sideways, we are looking for a possible fake breakout/rejection for an uptrend. 3)If price valid breakout support, possible downtrend or retracement
MYX:FCPO1!
by ArifHasbollah
FCPO 13 Oct 2021 : Re-entry Sell EMA14Yesterday closing market setup. Trading Plan : 1. Setup : EMA14<EMA50 = Sell trend 2. Signal: 15min Price retest EMA14 3. Confirmation: 5min Bearish Engulfing 4. Entry: at least 50% bearish engulfing body CS 5. SL: 10tick above retest CS 6. TP: 15min support area / if there any rejection If today price open above EMA14 consider the market sideway with this possibilities : 1) Test EMA50 2) Test Resistance (R1):4900 and Support (S1):4849 Notice price is closer to the major uptrend line. Price may break the trendline or reject the trendline to continue bullish momentum. Trade.At.Your.Own.Risk (TAYOR)
MYX:FCPO1!Short
by ArifHasbollah