An example of Crude Oil and Palm Oil in my intermarket analysis to demonstrate how I identify potential upcoming trends and why I believe both are about to move. To help narrow down potential opportunities in other markets, you can apply the techniques I am about to share. Micro WTI Crude Oil Futures & Options Ticker: MCL Minimum fluctuation: 0.01 per barrel =...
📉Hi Traders, Investors and Speculators of Charts📈 AI isn't a new hype, but much of the crypto community hasn't yet caught on to the AI-usecase coins you can invest in. With microcaps and more established projects to choose from, I've highlighted two of each that I'm super bullish on for 2024. First let's look at the two microcaps, PALM AI and 0X0. When these...
As significant zone broken, FCPO spot month price may look to have stronger bearish trend towards 3000 level. Possibly in a very near future.
The last day of Thursday in the stock market. Please sell today, it will be blood red. EGX:EGX30
I'm looking at daily chart of the price action in Golden Agri Resources E5H vs it's main product Palm Oil over a 5 year time period. Golden Agri looks to me to be one of the major producers of palm oil, and I'm pretty sure that most people have never even heard of them. To me this looks like an open jaw setup, and I believe those jaws will close. Palm oil is one...
We expect a decrease in PALM and there are 3 reasons for this; The first of these is that we believe that Shoulder-Head-Shoulder formation occurs in PALM. The second reason is that the 70.10.10 Stochastic Indicator intersects from above. The last reason is the large Negative Mismatch on RSI. As a result, we expect the prices to decline to 2500 levels in...
Weekend Market Update – 18 Oct 2020 | FCPO, Soybean, Soybean Oil, Currencies and Others Take note that the updates here are 2 days late. If you would like the latest updates, please visit palmanalysis dot com Review Let’s start the report with a review of the past 2 weeks. 1) In my last update on the 4th Oct, I expected: On Soybean i. On Point 13 ii, I...
Weekend Market Updates & Analysis 27 Sept 2020 Where we are 1) The market opened higher on the 21st, and started to sell off in the afternoon throughout the whole week, and had a short covering outside up bar on Friday on some short profit taking. 2) When I was writing the last market report, prices was still very bullish and there was no indication of any...
Weekend Market Updates & Analysis 20 Sept 2020 1) Hello All, been a while since my last market updates on 27th March 20 when the market volatility was very high and the “Everything” sell off occurred. A few of you have been asking if I would restart my writings and thoughts of the market, and I too thought I should restart it. It helps me think through all of the...
Yesterday's CPO has dropped due to the drop on the sales result. Expect to rebound today. Current: Still under downtrend Expect to rebound and continue to drop Long - at market open, TP before 2550(wait for retrace if manage to TP), CL 2430 Short - if break blue trend line *This are my own trading plan, no intention to ask reader to buy/sell. Share with me...
FCPO rebound with stronger soybean oil and crude oil. However there is no indication of bearish reversal at current price level. The latest MPOA data suggested strong production in Sarawak region, the concern of high inventory remain in the air. FCPO had relatively weak rebound as price hovering below 2172. Higher than 2180 may see price testing previous gap...
One the left chart, a upward channel was plotted in black. The channel develop since Jul and price did not move out from the 37 degree upward sloping lines since then. Market is waiting 1-15 Sep Spooma data & export data to release on tomorrow on Monday to further speculation on inventory changes. The current price movement is expect to be sideway to down follow...
hold Palmoil long is a go: -all primed for a launch, ichi nice and fat, higher low, buy indication.