HAIDOJO_trading

FCPO TRADING : 323) uptrend but 9th May22 news !

MYX:FCPO1!   Crude Palm Oil Futures
this is haidojo and the number is 323 ...

In the whole April, thr were another 2 Double-Tops (DT) on 27th Apr22 and 29th Apr22, hitting as high as 7132 and 7229! Now, the price could be a "churning process" before leaping onto a higher ground. Of course, this could be wrong bcox we have the "9th May" curse. This so-called curse actually comes from the war-infested region in the North and any news frm thr. Whether the war would escalate or stop. SO it is a "dead" or "alive" situation. The safest way to play this is wait for the "doomsday" to over and watch the technical analyst to tell u what to do after that.

Following the trend is still the safest route so watch out for "long on the dip" with support near 6400 and 6310. This is not a recommendation for buy or sell but it is what I am watching out for my own trading plan. I actually hold buying already and this is not a signal channel and I am not giving signal trading service. SO dun treat this like one. Careful with the news which could damage ur trades.

That's all for the update today.

*plan your trade and trade your plan... gud luck*

resistance : 6650-7080 (6310 possible reversal point)

lower support : 5380 (daily critical support)

support : 6310-6400

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