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 =...
Of the grains and oilseeds, soybean oil has been the clear laggard. Corn, wheat, soybeans, and even soybean meal have seen notable rallies over the course of the last 4-6 weeks. However, there are indications that may soon change. As ingredient buyers know, soybean oil typically trades at a significant premium to its rival palm oil. The chart below overlays a...
JTIASA, which business involved mostly on palm oil, just completed wave 2 ( Red Circled ) as a base for rally.
This chart consists of USOIL, Heating Oil, Gasoline, Natural Gas, Palm Oil, and Rubber futures. Every one is tailored to a Fibonacci Layout. There are two sets of extensions. They interlap and work together. One must look for the support and resistance to verify its authenticity.
This chart consists of USOIL, Heating Oil, Gasoline, Natural Gas, Palm Oil, and Rubber futures. Every one is tailored to a Fibonacci Layout. There are two sets of extensions. They interlap and work together. One must look for the support and resistance to verify its authenticity.
This is for FCPO Trading SYstem : using BONDO setup that can win every month. Why it is consistent winning rate? WE use Probability on our indicator and setup, we tested it for more than 2 year backtest and Live Trade. Every month Win. 60% winning Rate. We only have class in malaysia in malay language.
Both “oils” Brent and palm take caution! Beware of the palm tree can’t “grow much” as it’s almost hitting “ceiling height”! “Possible a “bull trap”!
CBOT: Soybean ( CBOT:ZS1! ), Soybean Meal ( CBOT:ZM1! ), Soybean Oil ( CBOT:ZL1! ) This is the second installment on CBOT Soybean Complex. If you have not read the first piece, please click the link at the end of this idea. Let’s start with a discussion of two reports followed by soybean market participants. The Crop Report U.S. Department of Agriculture...
FCPO is probably preparing to trending higher in the future but I'm a bit CAUTIOUS because the price hasn't broken the important level yet (strong resistance) which is around 4500. Currently, the pattern which is unfolding is a ZigZag (thought to be). Assuming this assumption holds true, wave C should ends about the same length of wave A, around 5000 - 5200...
As expected market has moved towards the north and seems to have exhausted its uptrend momentum at least for now. Correction is now more likely to occur after 5 waves move have already unfolded in the wave 3 Primary. Given that correction in the Primary Wave 2 is a Zig Zag, the rule of alternation could be at play here for Primary Wave 4 - most probably flat...
Based on the movement of the market yesterday, it might be possible that (3) is still in play here and its due to 2 reasons: 1) Wave (3) is an extension - thought to be, technically the market should at least move until it reaches fibo level 1.618. 2) Formation of the market highlighted in the box seems to be developing a five wave move (not confirmed...
FCPO could potentially be on its bullish course to reach RM 5000. However, there could be some room for the price to drop just slightly to complete of what could be a flat correction in the 2. An immediate break from the zone area highlighted with a box could suggest that flat correction have completed and might be on the 3 of (3) wave. Disclaimer This is NOT...
FCPO Daily chart still in bullish structure. Perhaps to the next top trendline
This chart caught our attention recently. The Crude Palm Oil – Soybean Oil Spread (in USD per Metric Ton) is trading close to an all-time high now. This spells trading opportunity for us as Palm Oil and Soybean Oil are generally considered substitute products, which means, at a large enough price difference, buyers may hop over to buy the cheaper one....
Just wait, there is no thing to do instantly with FCPO1! It is really just in a trading range we are looking in next days for an opportunity.
As significant zone broken, FCPO spot month price may look to have stronger bearish trend towards 3000 level. Possibly in a very near future.
BOOM!, This is what we have been waiting for. The price already break the channel / trendline / neckline. So now all the thing we have to find and look is short position. But need to remember there is support nearby. We should have be aware if the price will make strong rebound or it still break the support. See tomorrow on monday!
As you guys can see, it is what we predict from previous our chart analysis. It is following the direction that I have been showed. So now lets see either the market can rebound and go up towards the strong resistance ( yellow box ) or it will continue downwards. Besides that, do not neglect that we can see there is a form of pattern have shown which is Head And...