edramlan

FCPO Week 16 2024 - Further retracement.

Short
MYX_DLY:FCPO1!   Crude Palm Oil Futures
A further retracement lower is still in play. A reversal on Friday may turn out to be only a manipulation. The move higher might only be to fill up the gap at 4300 area before continuing lower. 4200 is the area where price should be next week. Expecting a consolidation in this area before the next move higher. Overall still bullish until proven otherwise.
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