goldong01

FCPO_12/03/2021_Trend Analysis

MYX:FCPO1!   Crude Palm Oil Futures
FCPO price trend probably will continue rising to around level RM4,479. Thus, we need to pay attention on price action & candlestick pattern at level RM 4,479.

If there is a retracement at level RM4,479, it probably is a good entry point for short selling.

Furthermore, the current price support at around level RM3,933. There is a chance that the price may break through the support next week. If the said event really happens, it probably is a good entry point for short selling too.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.