goldong01

FCPO_12/03/2021_Trend Analysis

MYX:FCPO1!   Crude Palm Oil Futures
FCPO price trend probably will continue rising to around level RM4,479. Thus, we need to pay attention on price action & candlestick pattern at level RM 4,479.

If there is a retracement at level RM4,479, it probably is a good entry point for short selling.

Furthermore, the current price support at around level RM3,933. There is a chance that the price may break through the support next week. If the said event really happens, it probably is a good entry point for short selling too.
Penafian

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