Crude Palm Oil FuturesPanjang
FCPO 6 Oct 2021 : Retracement or Continuation?
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1. FCPO ATH might be due to multiple factors such as manpower shortage and rainy season. Supply is not enough, demand still consistent and drives the price to go higher and higher.
2. Price almost reaches 161.8% fibo extensions.
3. PnF target is around 5113 still further ahead.
4. Price reject Gann level 4831 multiple times
Condition :
1. If price close below EMA505min / EMA14@ 15min possible retracement.
2. If the price closes above Gann level 4866, possible price go higher.
2. Price almost reaches 161.8% fibo extensions.
3. PnF target is around 5113 still further ahead.
4. Price reject Gann level 4831 multiple times
Condition :
1. If price close below EMA505min / EMA14@ 15min possible retracement.
2. If the price closes above Gann level 4866, possible price go higher.
Nota
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