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High Prices Capped Upside, Lower Stock Limited Downside FCPO

Crude Palm Oil Futures (MYX:FCPO1!)  
happytrading96  
MYX:FCPO1!   Crude Palm Oil Futures
Trend Analysis Chart Patterns Technical Indicators fcpo FCPO1! fcpodaily fcpotrader
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trendanalysis chartpattern indicator fcpo fcpo1! fcpodaily fcpotrader
Palm oil prices remained strong due to rising in export demand while labor shortage, lower productions and inventories issues remained.

Palm oil market major trend remained UP.
However, near term likely to move within the range of 4950 (support) -5250 (resistance).

Strategies to apply:
Long when near Support level
Short when near Resistance level

With smallest stop loss apply until market break the ranging box.

Penafian

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