FCPO Crude Palm Oil October 2021 ContractMy view of FCPO for this week. Buying pressure is decreasing and will be looking to consider re-purchase at the 3880 levels. As of now, I am going for Short. Good Luck.
FEPO1! trade ideas
FCPO - October 2021 - Mapping - 21/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
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-
FCPO - October 2021 - Mapping - 19/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
DAILY FCPO COMMENTARYThe immediate trend remains UP with strong support zone at 4040.
Our preference:
LONG positions above 4040 level with targets at 4260 and 4437 resistance level .
Alternative scenario:
A close below 4040 support level look for further downside with 3852 as target.
FCPO Crude Palm Oil October 2021 ContractPrice is currently in consolidation. We will look for a possible breakout either up or down. We will see.
FCPOFCPO still in bearish mode. Those trades who are looking for long may consider enter LONG trade on retracement.
1st Support level: 4,019
1st Resistance level: 4,260
1st Resistance level: 4,437
FCPO - SEPT21 - Mapping - 14/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
Crude Palm Oil (FCPO Futures)Recent price (1HR) has managed to close above the resistance area. 15 minutes before market closed, price has made a bullish reversal in 5 minute time-frame. My target is 140 ticks above till the next resistance level. Good luck.
13/07/2021 FCPO ELLIOTT WAVE ANALYSISAsslamualaikum and Good morning Traders!
As for now, im bias to the bull side as long as price is above 3819.
Please refer to my "stream" for detail explanation of today analysis.(audio = bahasa melayu).
As for my trading plan, still waiting for a clear trading setup before consider to enter the market.
Clarity is the key for successful trading.
Happy Trading.
FCPO Possible MovementThis is possible FCPO movement using fibonacci extension and support & resistance.
FCPO - SEPT21 - Mapping - 13/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
FCPO - SEPT21 - Mapping - 12/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
FCPO - SEPT21 - Mapping - 09/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful.
This is for study and educational purposes only.
09/07/2021 FCPO ELLIOTT WAVE ANALYSISTRADING CONTRACT: SEPT(U) 2021
KEY LEVEL = 3838, 3711
CRITICAL LEVEL = 3499
Working on the idea that wave 4 is already in place and looking for an impulsive movement toward 3978. Trading above 3838 will strengthen the idea.
As for today, we will monitor our 3711 key level serve as validation of the idea that wave 4 is already in place.
OUR CRITICAL LEVEL IS BASED ON ELLIOTT RULES THAT WAVE 4 CAN NEVER ENTER WAVE 1 PRICE TERRITORY.
I AM A GOOD TRADER - You only need one affirmation and this is it. Read these words every day until you don't have to read them anymore. =)
FCPO - SEPT21 - Mapping - 08/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date.
Enjoy and feel it. Hopefully, it's useful.
This is for study and educational purposes only.
07/07/2021 FCPO ELLIOTT WAVE ANALYSISFCPO, WAVE 3 COMPLETE?
TRADING CONTRACT: SEPT(U) 2021
KEY LEVEL = 3978
CRITICAL LEVEL = 3499
10.06.2021
Trading below 3978 would signal us that wave 3 is complete.
If wave 3 topped, expecting a for sharp correction of wave 4 toward 38.2% area.
As for today, we will monitor 3978 key level, trading above this level will cancel the idea that wave 3 is in place. price movement below our critical level of 3499 will cancel this setup and we will label the chart using corrective sequence. (Switch over to alternate count if this happened)
OUR CRITICAL LEVEL IS BASED ON ELLIOTT RULES THAT WAVE 4 CAN NEVER ENTER WAVE 1 PRICE TERRITORY.
Beware of possible huge gap down on opening, please refer to other commodities chart.
ZL – Soybean Oil
ZS – Soybean
ZM- Soybean Meal
ZC
I AM A GOOD TRADER - You only need one affirmation and this is it. Read these words every day until you don't have to read them anymore. =)
FCPO - SEPT21 - Mapping - 07/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy).
Valid on the said date.
Enjoy and feel it. Hopefully, it's useful.
This is for study and educational purposes only.
FCPO TRADING : 292)at the crossroadthis is haidojo and the number is 292 ...
First of all, my apology for the delayed episode...heavy duty...
after a full-raged bear tore down fcpo on 14th June last month, fcpo-sept has been slowly and gradually step up..till now...right at the crossroad...
IF fcpo-sept emerges higher than the current resistance ranging frm 3880-3950,THEN higher-high is formed...and a new uptrend is formed...
bullish rotation is said to be formed...
IF the challenge to retest the this resistance fails, THEN it goes back to the previous downtrend...
that's all for tdy ...if u are frm malaysia, be safe, stay at home...
*plan your trade and trade your plan... gud luck*
higher resistance : 4073-4200
resistance : 3880-3950
immediate support : 3874-3880
lower support : 3300
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
