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kkgoh87

FCPO Bearish move into Daily reversal zone

Singkat
Crude Palm Oil Futures (MYX:FCPO1!)  
kkgoh87  
MYX:FCPO1!   Crude Palm Oil Futures
Trend Analysis fcpo palmoilfutures Bearish Patterns
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trendanalysis fcpo palmoilfutures bearish
Support seems broken as the bears are gaining strength.
Daily chart seems to have a strong bearish momentum that breaking into the Reversal Zone1 & 2.
Zone 2 is the stronger 1, if broken, price seems moving downwards towards -61.8% of the daily Fibonacci retracement range.

There will be a short opportunity if the bulls fade again as second confirmation, in the lower timeframe.
Penafian

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