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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

Dec02: FCPO (1D) - Bullish Flag Target Pointing to 3.6-3.7k 🐮CPO price consolidated past 1-2weeks, forming a nice launchpad towards higher price levels -- Bullish Flag pattern. 🚀🚀 Price still running in a mid-term up-channel, with an upside target zone: 3.5-3.6k & 3.7k ; similar to which suggested by the flag. 🔔 Overhead Resistance: 3.4k, 3.5k, 3.6k, 3.7-3.8k ❇️Prev idea still largely intact, only now with added bullishness from potential flag formation. ❇️❇️Longterm Outlook: R1 standing, Heading to R2 In long position for cpo, likely to be my closing trade for yr2020 local futures~ 😎⭐️ Happy Hunting! 🥂🚀 -jk-
MYX:FCPO1!Long
by jeanne_k
2
FCPO TRADING : 227) still on persistent uptrendthis is haidojo and the number is 227 ... sideway market and it is totally reasonable since it is coming to the end of the year... with celebration and new resolution coming, there is less and less volume in the trades...so sideway market for both fcpo and probably fkli too...haiz... Overall, fcpo-feb is still in uptrend...maybe slowly glides up... watch out for critical levels or even better....stay away and don't trade... *plan your trade and trade your plan... gud luck* higher resistance : 3414-3450 (bull resumes its momentum abv this level) temporary support : 3280 critical support : 3150- 3210 (bear comes below this level) 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!Long
by HAIDOJO_trading
FCPO TRADING : 223) still on persistent uptrendthis is haidojo and the number is 223 ... today, fcpo-feb made an epic turn and reverse kinda movement...and the momentum of uptrend persists... at least, it resumes its momentum on uptrend until the previous low of 3160 is broken...\ then, we might see some reversal in the trend... now the immediate resistance is at 3350 and the Double-top position at 3414-3420... *plan your trade and trade your plan... gud luck* higher resistance : 3414-3450 resistance : 3350 support : 3260 lower support : 3160 (deciding bull/bear) 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!Long
by HAIDOJO_trading
FCPO TRADING : 221) still on persistent uptrendthis is haidojo and the number is 221 ... forming a Double-top, which is a possible reversal signal, rising the previous low to 3280 -3000 as the critical support now... lower support is seen at 3160 and 3100...price needs to push abv 3414-3450 new resistance level to move higher... for now, it is still in uptrend until the support/resistance level is broken... *plan your trade and trade your plan... gud luck* resistance : 3414-3450 immediate support : 3350 lower support : 3280-3300 (deciding bull/bear) 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!Long
by HAIDOJO_trading
FCPO - Road to 3400 and Above..Palm hit a one-week low in the previous session, after three straight sessions of losses. Meanwhile... The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 16 ringgit, or 0.49%, to 3,295 ringgit ($803.17) a tonne during early trade. . . For some reason.. 1- The world's largest producer of crude palm oil, warned on Tuesday that its fourth-quarter output would be hit by uncertainties over the weather and COVID-19 curbs. 2- Investors are now looking at Nov. 1-20 export data from cargo surveyors due Friday, after shipments during the first half of the month fell between 11% and 14% from the same period in October. 3- Dalian's most-active soy oil contract DBYc2 rose 0.5%, while its palm oil contract DCPc2 gained 0.5%. Soy oil prices on the Chicago Board of Trade BOc2 were up 0.2%. . . In terms of market .. 1- Asian equities were set for a sluggish open on Wednesday, tracking a lower Wall Street session as concerns over rising coronavirus cases and fresh lockdowns dampened the euphoria from vaccine trial breakthroughs 2- Oil prices fell on Wednesday after a bigger-than-expected build in U.S. crude stockpiles stoked fears for weak fuel demand and a potential supply glut, but hopes that OPEC and its allies will postpone a planned January increase to oil output braked losses. As I mention in my previous post. How and Why it can reach to get a higher price.... Is it possible to hit 3400 and sustain above 3000 per tonne???? Hell Yeah!! . . Till Then, Happy Trading & TAYOR Stay safe everyone.. Together we flatten the curve If you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight.
MYX:FCPO1!Long
by AbangManuK
Nov18: CPO(1D) - Shall 3200 Hold, Likely See Rally to 3.4-3.6k🐮Bulls taking a breather as active contract move to Feb2021. Major S: 320x-6x >> Watch if hold on test... If support hold, Look for rally towards R1-R3: 340x-5x, 350x-5x, 360x-5x in about 2weeks time. ;) I've been on Long since turn Nov, check out my many other social platforms for latest charts & market updates. 🔔⭐️ Check out my prev post on a Major CPO Bull Cycle (happening now!) ❇️https://www.tradingview.com/i/CwQkXxdU/ Happy Hunting! 🥂🚀 -jk-
MYX:FCPO1!Long
by jeanne_k