FCPO Week 12 2024 - bull taking control.

Panjang

Crude Palm Oil Futures (MYX_DLY:FCPO1!)

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MYX_DLY:FCPO1! Crude Palm Oil Futures

trendanalysis chartpattern fcpo fcpo1! fcpo1 fcpodaily fcpotrader fcpomalaysia fcpo! fcpoweekly fcpolong

FCPO is making a push higher. Still with bullish view unless shown otherwise. As price didn’t go in a straight line, it is expected that it might retrace a bit towards 4200 area (this is also the area to look for entry to go LONG) to fill up the gap before making another bullish push. If this happens next week, then another leg higher should target the previous high and eventually target the 4425 area.

Komen:

Now is a good time to go LONG!
Disclaimer: not a financial advise. :-)

Penafian

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