FEPO1! trade ideas
Reversal Signs Continue in Palm Oil MarketFCPO closed higher at 5539 after gap filled at 5612 by last Friday but posted weekly losses.
What were the factors that caused crude palm oil prices struggling to maintain above 5800?
1. India reduce farm infrastructure tax on CPO to 5%, which will effective until Sept 30, with the objective to increase gap between CPO and refined palm oil to benefit the domestic refining industry.
2. Uncertainties over Ukraine crisis lead market to stay vigilant on possible rising tensions.
3. Better production forecast for 1st half of Feb limited the upside of palm oil prices
4. Soybean Oil continue to move higher as concerns over weather forecast and fire incident broke in US biodiesel plant at Claypool, Indiana. Furthermore, India acquire massive purchase on soybean oil as high soybean price for local crushers to reduce output.
5. Crude Oil prices extended losses as prospects of extra supply from Iran. Weaker crude make palm less attractive option for biodiesel feedstock.
6. Near month spread widen as traders foresee East Malaysia production remains weak for Feb.
Technical View:
Market reversal signs remains. Gravestone doji formed in Daily Chart after market tried to move higher but sell down by the market.
Stochastic K% line is crossing down at overbought zone in both weekly and daily chart
We expect market may have short term retracement with immediate support level at 5350.
Suggestion Trade:
Short if stay below 5550
Target Stop Loss (resistance level) 5625
Target Profit (support level)
TP1 5425 TP2 5345 TP 5245
FCPO ke SelatanAdakha FCPO akan meneruskan perjalanan ke selatan? Kita nantikan sekiranya FCPO tidah breakout upper paraller Andrew Pitchfork.
CPO break down daily trendline CPO breakdown daily trend line. Be careful for those have heavy position in CPO based stocks. You may consider to floating profit.
Ending Diagonal for Long-Term FCPO ?FCPO is currently in wave 1 of wave 5, at Daily time frame. Could it be ending diagonal for long-term? Price 6000-6800 could achieve before reach the ends of this Impulsive Wave.
FCPO Break Re-accumulation Target 57811. Re-accumulation phase completed when price open gap up.
2. 1st target is 5780 area based on PnF
3. Based on fibo extensions 100% and 161.8% for 2nd and 3rd TP.
Reversal Signs in Palm Oil Market?Market closed slightly higher at 5573 last Friday after tighter range move.
Some key factors continue to weigh on palm oil prices:
1. Indonesia had expanded its export permit requirement for palm oil products where exporters must sell 20% of their exports at home and with price cap to other derivatives. This further raising fears of global supply disruptions. The regulation valid from Feb 15.
2. Latest Malaysia Palm Oil Board data showed lower inventories and production due to labor shortage and flooding; lower exports due to rising palm oil prices
However, analysts’ expectations that current high price not sustainable
3. some participants expecting production to pick up in March as Malaysia Government targeting full scale reopening of international border
4. . Soybean oil continued uptrend, as LaNina brought in hot weather across key South America growing areas and strong demand on US soybean
5. Strong crude oil prices amid ongoing worries about supply disruptions from the Russia and Ukraine crisis
Technical View:
1. Market uptrend paused with hanging man formed at resistance level of 5750, indicates reversal signal
2. Stochastic reached overbought level and K% line is crossing down which signalled reversal signal
We expect market may have short term retracement if market unable to stay above 5500.
Suggestion Trade:
Short if stay below 5365
Target Stop Loss (resistance level) 5478
Target Profit (support level)
TP1 5252 TP2 5026
Long if stay above 5685
Target Stop Loss (support level) 5572
Target Profit (resistance level)
TP1 5798 TP2 6024
FCPO TRADING : 318) possible reversal but needs confirmationthis is haidojo and the number is 318 ...
After a mild rebound frm 5440-5520 range, fcpo-apr didn't make any New Structure High (NSH) but forming a Double Top (DT). The NSH is 5749 and any breakout pattern/trade needs to move higher than this level. The next level is 5220-5380 was also hit and rebound into 5570-5630 level. Now, fcpo-apr is at the crossroad again...
IF it moves higher, THEN it will breaks the previous NSH and creates more NSH...THEN uptrend resumes.
IF it moves lower, THEN it forms Lower-High (LH), and a possible reversal happens until the price breaks lower than the previous Higher-Low(HL).
So, now juz sit back and relax. Wait for the price to tell us what to do. Till then, do absolutely nothing.
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 5700-5749 (current NSH)
immediate support : 5440-5520
lower support : 5220 - 5360
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… trade at your own risk!
FCPO by soopeejust my2 cents.. and analysis by AP., Normally AP will go to the middle line before price make decision to go up or down
FCPO1 Make it simple.Using Trendline and Fibonacci Extensions
"Whatever method you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend."
Palm Oil Hit Historical High 5639Palm oil prices closed higher at 5628 after hit historical high at 5639.
Factors continue to affect palm oil prices:
1. Indonesia finalize their export restriction plan which set 20% local supply rule for palm oil exporters effective from last Thursday (27 Jan 2022). Government also implement price cap on local sales of CPO and palm olein, effective from 1st Feb 2022.
2. Soybean oil stayed firm on Ukraine Crisis amid fears of potential supply disruption due to military action from Russia to Ukraine.
3. Traders selling in far months and shipments from India and China dropped likely to limit the upside of the market.
Technical View:
1. Market remained bullish.
2. Stochastic reached overbought level
We expect market may face some profit taking activities due to shortened week and thin trading volume.
Suggestion Trade:
Long if stay above 5625
Target Stop Loss (support level) 5400
Target Profit (resistance level)
TP1 5725 TP2 5825
FCPO TRADING : 317) bull is chargingthis is haidojo and the number is 317 ...
Hapi Chinese New Year and Gong Xi Fa Cai! Today is 29th Jan 2022 and fcpo-Apr22 is the still the active third month. Nothing much to update but very important if u are trading trend. After a small adjustment on 24th jan22, bull comes with supercharge and breaks into NSH at 5639, closing at 5625 on 28th jan 2022, thus putting the previous high 5380 into history. Thus, the winning strategy is "buy in dip" but with gud SL and not keep buying in the dip...This is suicide.
\The next level to watch are...5440-5520 and the next level is 5220-5380...
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 5639
support : 5440-5520
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… trade at your own risk!
FTSE FCPO Palm Crude Oil Futures #FCPO #FCPO1!Palm Crude Oil Futures FCPO short-term still looking bullish.
Profit Chip of PFT indicator at 38%, if surpass 50% greater chance to reach upper trend line resistance @5500
Bull Bear Energy (BBD) indicator show Dark Green bar turning into Light Green (momentum turns weak) - short term correction on way.
#fcpo #fcpo1! #bursasaham #palmoilfutures #commodities #tradingfutures #ftseklci
#technicalanalysis #technicalindicator #technicalchart #mcdx #bbd #trendline #chartpattern
Disclaimer:
This published Idea is solely for the purpose of opinion sharing only, and should not be used as investment advice or recommendation to buy or sell any security.
Get your trade advise from a legit broker, your trade is solely your own responsibility.
Thank you.
FCPO TRADING : 316) uptrend continuesthis is haidojo and the number is 316 ...
Hapi Chinese New Year and Gong Xi Fa Cai! Today is 24th Jan 2022 and fcpo-Apr22 is the new active third month. After some small consolidation on the 17th Jan22, fcpo came back with full throttle as the bull has a strong grip on the market. We even have a formation of NSH on last Friday which broke above the previous high of 5220 in late Oct last year, forming a NSH at 5380 tdy. Thus, the winning strategy is "buy in dip" but with gud SL and not keep buying in the dip...This is suicide.
\The next level to watch is actually happening now...5220-5250 and the next level is 5130-5170...
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 5380
support : 5220
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… trade at your own risk!
CPO Extended Gains to Record HighPalm oil prices gone up higher as expected and closed at 5322 after posted record high at 5327.
Factors continue to affect palm oil prices:
1. New export permit policy in Indonesia which required exporters of vegetable oil to gain approval for their shipments and declare their domestic sales with the objective to ensure that sufficient supply of cooking oils in domestic market. New regulation may curb supplies from Indonesia and led buying spree in Malaysia. Besides, India likely to shift their imports to soybean and sunflower oils as replacement.
2. Bullish sentiment in global oil market continue to support palm oil prices.
3. Strong gains in soybean oil following latest weather forecast that turned into hot and dry weather in Argentina and Southern Brazil which may result further yield deterioration.
Technical View:
1. Market break new high and closed above 5300
2. Stochastic remains uptrend signal
Suggestion Trade:
Long if stay above 5300
Target Stop Loss (support level) 5100
Target Profit (resistance level)
TP1 5425 TP2 5525 TP3 5625
FCPO Continue RallyPalm oil prices posted gains and closed at 5123, after touched on resistance at 5164. For your information, FCPO January contract expired last Friday. Next Monday onwards will be started to trade on FCPO April contract.
Factors continue to affect palm oil prices:
1. Market remained concerns over labour shortages which caused lower palm oil production.
2. Price movement in related vegetable oils as they compete for a share in global vegetable oils market.
3. India edible oil imports in 2022 expected to fall by 2% as the country boost domestic production, said Malaysian Palm Oil Council at an industry conference.
4. Malaysia Biodiesel Association urged industry officials to come to terms with steady decline in imports of palm-based biofuels in European Union following its decarbonization agenda.
5. Stronger Ringgit Malaysia pressured as overseas buyers find it costlier to purchase Malaysia CPO.
Technical View:
1. Market closed above 4900
2. Stochastic shows K% line crossed up which indicates uptrend signal.
Suggestion Trade:
Long if stay above 5000
Target Stop Loss (support level) 4850
Target Profit (resistance level)
TP1 5100 TP2 5200 TP3 5300
Happy Trading!! Cheers.
** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
FCPO by SoopeeDirection today is back to ema200.. so carefull.. based on Pitchfork it may upwards..
just my 2 cents
hati kekawan kalu nak trade di area ema200 tf3 atau tf5 sebab selalu makan CL..
pandangan semata mata..tiada kena mengena dengan buycall/sellcall
FCPO Pitcfork TF15m Just my 2 cents #022022
Pitchfork will continue to go median line then will bonce back ...
Garpu.. biasa akan pergi ke garis tengah..lps tu akan patah balik..
CPO Breaking Historical High 5220Palm Oil prices extended gains and closed sharply higher at 4993. As market eyeing on upcoming MPOB data to assess the impact on production from flooding in recent weeks disrupting harvesting activities . MPOB data is scheduled to release its Dec data on Monday.
Factors continue to affect palm oil prices:
1. Ongoing flash floods in several states continue to weigh on palm oil prices
2. Seasonal low production cycle during the 1st half year with higher demand expected ahead of Chinese New Year.
3. Labor Shortage remained key issue
4. Higher CPO prices raising worries over stiff competition from Indonesia
5. Persistent supply concerns in Soybean Oil due to hot and dry weather in South America served support in palm oil prices
Technical View:
1. Market closed sharply higher at 4993, right below level of 5000
2. Stochasctic shows K% line is crossing up which indicates market turning up and resume uptrend.
We expect market continue to move higher if market stays above level of 5000.
Suggestion Trade:
Long if stay above 5000
Target Stop Loss (support level) 4850
Target Profit (resistance level)
TP1 5100 TP2 5250 TP3 5350
FCPO TRADING : 314) reversal of trend, invalid bearish bat this is haidojo and the number is 314 ...
Merry Christmas and Happy New Year ! Today is 6th Jan 2022 and fcpo-March22 is still the active third month. This is the first post this year. The previous bearish bat pattern is no longer valid as the "X leg" is violated. Yesterday, fcpo-march22 not only broke abv the resistance of 4850 but also retest the previous higher-resistance at 5040. Hence, by doing so, the price has broken abv the previous lower-highs at 4950 and 4914 and a "bullish rotation" is said to have had happened. Now, the tide has changed and the new preference is going for the "long on the dip". The first "killing zone" to lookout is ranging frm 4890 - 4810 with the solid support at 4845-4850...If you have observed dearly, this is the first "resistance-turn-support" region to look out for. The next support to look at is ranging frm 4730-4710.
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 5040
support : 4810-4890
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… trade at your own risk!
