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May17: FCPO (Daily) - Bulls Likely Take a Breather...🐮📉

Crude Palm Oil Futures (MYX:FCPO1!)  
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MYX:FCPO1!   Crude Palm Oil Futures
Support and Resistance Supply and Demand Fibonacci fcpo fcpo1 FCPO1! CPO crudepalmoil malaysiafuturesmarket malaysiafutures fcpodaily
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supportandresistance supplyanddemand fibonacci fcpo fcpo1 fcpo1! cpo crudepalmoil malaysiafuturesmarket malaysiafutures fcpodaily
CPO: Weekly & Daily Up-Channel top reached last week. 🚀✅
Coupled with slight momentum weakness on Hourly, suggesting an overdue retracement might finally take place.

In case of continued bullish momentum, mainly driven by macro reasons, look to R1: ~4.6k, R2: ~4.8k
Else, price may find support at S1, prev ATH, or UTL1.

❇️April11 Long Call hit R1, next will be R2...
snapshot

❇️Midterm Bull Cycle: Strong Breakout from R2 marked below from Sept2020...
snapshot


Happy Hunting! Stay Safe! ⭐️
-JK-

Idea Berkaitan

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June08: FCPO (Daily) - Sideways Below 4.5k HH...📉📈🐮
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May25: FCPO (Weekly) - Consolidation Nearing End...🐮📉
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May03: FCPO (Hourly) - Sideways-Up, To Retest HH@419x...🐮🚀
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April11: FCPO (Weekly) - Bullish, R@4.4k, 4.6k, 4.8-5k 📈🐮🚀
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Mar10: FCPO - March Test ATH & April New ATH 📈🐮🚀
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FCPO Q1 Outlook: Sideways-Up to ATH 4.4k-4.8k 📈🐮
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Sept20 - CPO (1M) - New Bull Cycle if Stays Above R@2.8-3.1k
Penafian

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