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East Malaysia Crude Palm Oil FuturesEast Malaysia Crude Palm Oil FuturesEast Malaysia Crude Palm Oil Futures

East Malaysia Crude Palm Oil Futures

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FEPO1! trade ideas

FCPO TRADING : 287)reversal signal is confirmedthis is haidojo and the number is 287 ... welcome fcpo-aug and gudbye fcpo-july! after hitting the historical high last week wednesday at 4525 on 12th may 2021, this is the highest point fcpo ever reached in at least the past 13 yrs...! Ever since 2008, fcpo finally reached back to this level together with the commodities boom which is happening worldwide...(ironbar, soil bean, etc...) before we have the time to celebrate, the price started to drop and this week, fcpo-aug has not only violates one, but 2 critical supports of 4335 and 4180...the next level of support is ranging frm 3880-3920...(this is not an indication of buying at support, dun do counter-trend trade if you have never tested it) the chart actually shows the movement of the price in a line...and then also the price action such as HH_HL_HH for the uptrend, then suddenly the formation of ISL_LH_LL which indicates the change of the trend has happened...(If you dun understd what alien language I am writing, pls look at the chart)... So now short on rebound is the best offer frm market... *plan your trade and trade your plan... gud luck* higher resistance : 4486-4525 (new record and the highest point since 2008) resistance : 4300- 4335 immediate resistance : 4180 immediate support : 4070-4085 lower support : 3880- 3920 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!
MYX:FCPO1!Short
by HAIDOJO_trading
May17: FCPO (Daily) - Bulls Likely Take a Breather...🐮📉CPO: Weekly & Daily Up-Channel top reached last week. 🚀✅ Coupled with slight momentum weakness on Hourly, suggesting an overdue retracement might finally take place. In case of continued bullish momentum, mainly driven by macro reasons, look to R1: ~4.6k, R2: ~4.8k Else, price may find support at S1, prev ATH, or UTL1. ❇️April11 Long Call hit R1, next will be R2... ❇️Midterm Bull Cycle: Strong Breakout from R2 marked below from Sept2020... Happy Hunting! Stay Safe! ⭐️ -JK-
MYX:FCPO1!
by jeanne_k