Trading Plan 12/4/2023Main Trend: Sideways
Short Term Trend : Bullish
Trading Plan:
• Short –
o If price break below 3870, TP1:3830 TP2:3795 SL:3900
o If price gap up but unable to break 3978, TP1:3930 TP2:3900 SL:3995
• Long –
o If price supported at 3870 TP1:3930 TP2:3955 SL:3850
o If price gap down but supported above 3765 TP1:3800 TP2:3827 SL:3730
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market.
FPOL1! trade ideas
Trading Plan 11/4/2023Main Trend: Sideways
Short Term Trend : Bullish
Trading Plan:
• Short –
o If price unable to break 3890, TP1:3810 TP2:3760 SL:3910
o If price break below 3810, TP1:3785 TP2:3760 SL:3818
• Long –
o If price supported at 3810 TP1:3850 TP2:3890 SL:3790
o If price gap down but supported above 3760 TP1:3810 TP2:3850 SL:3730
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market.
Trading Plan 7/4/2023Main Trend: Sideways
Short Term Trend : Bearish
Trading Plan:
• Short –
o If price gap up but unable to break P – R1 range, TP1:3790 TP2:3760 SL:3900
• Long –
o If price supported at 3757 TP1:3830 TP2:3870 SL:3730
o If price gap up above and break 3888 TP1:3945 TP2:4000 SL:3850
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market
Trading Plan 6/4/2023Main Trend: Sideways
Short Term Trend :Bullish
Trading Plan:
• Short –
o If price unable to break above 3900 TP1: 3866 TP2: 3833 SL:3915
o If price gap up but unable to break 3970, TP1:3935 TP2:3900 SL:4004
• Long –
o If price break above 3900 TP1:3934 TP2:3970 SL:3880
o If price gap up above 3970 TP1:4000 TP2:4050 SL:3950
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market
Trading Plan 5/4/2023Main Trend: Sideways
Short Term Trend :Bullish
Trading Plan:
• Short –
o If price gap up but fail to break above Daily R2-R1 range, TP1:3973 TP2:3936 SL:4032
o If price unable to break above 3936, TP1:3893 TP2:3819 SL:3973
• Long –
o If price gap down but fail to break 3856 TP1:3893 TP2:3936 SL:3819
o If price gap up and maintain above 4010 TP1:4053 TP2:4111 SL:3973
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market
Trading Plan 31/3/2023Main Trend: Sideways
Short Term Trend :Bullish
Trading Plan:
• Short –
o If price break below P, TP1:3735 TP2:3712 SL:3770
o If price gap up but fail to break R2, TP1:3800 TP2:3760 SL:3900
• Long –
o If price supported above 3760 TP1:3835 TP2:3880 SL:3735
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market
Trading Plan 30/3/2023Main Trend: Bearish with major resistance
Short Term Trend :Bullish
Trading Plan:
• Short –
o If price fail to break above Daily R2-R1 range, TP1:3690 TP2:3660 SL:3770
o If price gap down and break below 3610, TP1:3575 TP2:3540 SL:3660
• Long –
o If price gap down but fail to break 3610 TP1:3690 TP2:3740 SL:3610
o If price gap up and maintain above 3770 TP1:3800 TP2:3850 SL:3730
o
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market
Trading Plan 29/3/2023 FCPOMain Trend: Bearish with major resistance
Short Term Trend :Bullish (Double bottom in 1H)
Trading Plan:
• Short –
o If price fail to break above Daily R2-R1 range, TP1:3690 TP2:3650 SL:3770
o If price gap down and break below 3600, TP1:3560 TP2:3520 SL:3650
• Long –
o If price gap down but fail to break 3600 TP1:3690 TP2:3730 SL:3610
o If price gap up and maintain above 3780 TP1:3840 TP2:3900 SL:3730
o
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market
Trading Plan 28/3/2023Main Trend :Bearish with major resistance
Short term Trend: Sideways
Trading Plan:
• Short –
o If price fail to break above Daily R2-R1 range, TP1:3568 TP2:3534 SL:3652.
o If price gap down and break below 3500, TP1:3490 TP2:3400 SL:3540
• Long –
o If price supported above 3650 TP1:3730 TP2:3800 SL:3610
o If price gap down but maintain above 3530 TP1:3570 TP2:3610 SL:3500
o
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market.
FCPOK2023The expected price will rise to the level of 4200 for this week. At present, if the price breaks through the level of 4040, it is expected to make the first increase up to 4120, and if it successfully breaks through 4140, the price is expected to continue to rise up to 4200.
Whatever happens, this is just a market analysis and not a signal to make a purchase or sale. It's just an idea from me. Thank you.
FCPO 9 March 2023 : LPSY for mark down?Price break uptrend channel back. There is the possibility of a market sideway or downtrend.
Price still respects the downtrend channel so far. However, the price still did not break the previous trading range although we saw the Sign of Weakness in the price.
Price below EMA50.
Trading Plan :
1. Sell: If the price still respects the downtrend channel and EMA50
2. Look for Buy: If the price breakout the downtrend channel.
5min :
1. EMA12+EMA50 is flat = Sideway.
2. See which side price will be broken for entry. Based on the downtrend channel.
Midterm perspective for FCPOFCPO 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 levels. There're evidences which supports this assumption:
1. There are 5 waves in wave A
2. Fibo retracement level for wave B in a ZigZag is around 0.618 level
3. By EW rules for ZigZag, wave C should have 5 waves.
4. ZigZag price movement is contained within parallel channel - they tend to in most cases.
We're already seeing 5 waves unfolding in wave C but seems relatively short than assumed projection (5000 level). The only possible explanation is that wave (3) in wave C is an extension.
Disclaimer
This is NOT buy/ sell call but for learning purposes.
FCPO Market Outlook 3 Mac 2023Market Commentary
Malaysian palm oil futures jumped to a more-than-three-month peak on Thursday, underpinned by flooding woes, a weaker ringgit, and assessed the impact of India's removal of duty-free import quotas for sunflower oil.
Today, palm oil price is likely to edge higher tracking the overnight bullish in soyoil market.
Highlights:
Palm ends at highest since Nov on flooding woes, weaker ringgit
CBOT soybeans rise on technical bounce, strong demand
Crude Palm Oil
Malaysian palm oil futures jumped to a more-than-three-month peak on Thursday, underpinned by flooding woes, a weaker ringgit, and assessed the impact of India's removal of duty-free import quotas for sunflower oil.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange jumped 111 ringgit, or 2.65%, to 4,293 ringgit ($959.76) a tonne, its highest closing since Nov. 8.
More than 27,000 flood victims across Malaysia have been evacuated as months-long heavy rain continues to hit the country, state media Bernama reported.
Russia on Wednesday said it would only agree to extend the Black Sea grain deal, which allows grain to be safely exported from Ukrainian ports, if the interests of its own agricultural producers are taken into account.
Ukraine and Russia account for about 80% of global exports of sunflower oil.
Meanwhile, India on Wednesday said it will scrap a duty-free imports quota of 2 million tonnes of crude sunflower oil for the next fiscal starting April 1, as the world's biggest importer of vegetable oils tries to support local oilseed farmers.
The ringgit, palm's currency of trade, fell 0.07% against the dollar, making the commodity cheaper for holders of the foreign currency.
Indonesia, the world's biggest palm oil exporter, plans to require palm oil exports to go through a futures exchange to create the country's own benchmark price, the head of its commodity futures regulator said.
Today, palm oil price is likely to edge higher tracking the overnight bullish in soyoil market.