fcpo 30/6/2020 a pull back from mentioned resistant earlier 2469, 2297 area a small support , next is 2265... A bullish harami needs to form tomorrow to ensure this 2297 support area can hold. Mid term target remain at 2589. fcpo 20/6/2020 expecting a pull back here, 2388 support area , first target at 2589 resistant area.
fcpo 20/6/2020 expecting a pull back here, 2388 support area , first target at 2589 resistant area.
Detail @ The Chart
Yesterday's CPO has dropped due to the drop on the sales result. Expect to rebound today. Current: Still under downtrend Expect to rebound and continue to drop Long - at market open, TP before 2550(wait for retrace if manage to TP), CL 2430 Short - if break blue trend line *This are my own trading plan, no intention to ask reader to buy/sell. Share with me...
Hi Guys, as usual, start the year with annual outlook on FKLI & FCPO. First try on video commenting, microphone volume was abit too low, just turn up your volume will do ;) Hope you like it! Happy Hunting & Happy 2019! -jk-
We will need to have further momentum to break for this resistance but bullish divergence is a good signal. Watching with interest. 2.96p resistance 8p target
RSAWIT (High Risk) Trend: Bullish Rst: 0.20 Spp: 0.175/ 0.16 Support seems affirming at alongside MA200 (greenline in chart), with consistently healthy volume and bullish indicators. Likely to have further departure from MA200.
Broke above 200ma daily & closed just above 50ma, if Monday we hold above this level then we might be heading towards weekly 200ma, eventually there will be some retrace to possibly the RSI support so best to buy on a dip as long as we stay above weekly 50ma 1.53p Target 3.64p Latest news: Equatorial Palm Oil plc (AIM: PAL), the AIM listed palm oil development...
Fundamentals affecting Palm Oil Prices (And the other Vegetable Oil Prices): Prices of crude palm oil and other oils depend on the outlook for stocks Palm oil – along with Soybean oil – is affected by crude oil prices, as it is used as feedstock to make biodiesel. Palm oil prices are impacted by movements in Soybean oil rates, as they compete for a share in the...
Hi Guys, as usual, start the year with annual outlook on FKLI & FCPO. First try on video commenting, microphone volume was abit too low, just turn up your volume will do ;) Hope you like it! Happy Hunting & Happy 2019! -jk-
FCPO filled last week open gap 2195. The filled gap named "exhaustion gap" in technical analysis, this indicate the buying have adapted the recent selling. While intraday price quickly retrace from 2195 to find support between 2181 to 2175 . Price have no significant direction in current price structure with no PalmOil data for today and tomorrow. FCPO may...
FCPO rebound from 2137 (a decades price support level) was affected by rising crude oil prices. Please see right chart correlation indicator. When palm oil price reached 2137, the correlation between oil was as low as -76% due to stronger production. And the rebound start at 20 Sep when price at 2137, on yesterday closing, CPO vs oil correlation has come to almost...
Palm oil had dropped almost 150 points in just two weeks time as concern on rising inventory. In fact, demand were surprisingly good during the first 15 days of September. The first 20 days export data is due on today. Trader please be cautious if the continue strong demand will trigger potential price rebound if market have overdone. Speculation of 3.3 m...
Impulsive swing target 2337 remain in FCPO price projection as long as price above 2262. The latest MPOB Aug survey data suggesting increase in inventory with CIMB released the most bearish survey data. As long holiday ahead, and MPOB data to release at 12 Sep after holiday. The market is expect to be trading sideway. Bloomberg Poll Aug vs Jul MPOB: Prodn 1.65m...
FCPO daily opens gap up due to fundamentals, following CBOT bullish momentum and Indonesia palm oil stockpile down m/m. Another reason of reversal was price hit the bottom trendline from Chart W1. Price may move in ranges if it reaches 0.0% level.
FCPO ELLIOTT WAVE DAILY CHART ANALYSIS Complex correction of wave 4 forming WXY double combo. Where X wave = triangle , X = 3 structure & Y = irregular flat. For this counting, im assuming the cycle of wave 4 already complete and expecting the decline movement from 2498 to unfold into five wave movement and my next target is at 2255 area.