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Sept09 - FCPO (1D) - Mild Bullish Above August Sideways Box...

Panjang
Crude Palm Oil Futures (MYX:FCPO1!)  
MyTradingSpace_JK  
MYX:FCPO1!   Crude Palm Oil Futures
Support and Resistance Trend Lines Elliott Wave fcpo FCPO1! fcpo1 CPO crudepalmoil malaysia malaysiastocktrading malaysiafuturesmarket malaysiafutures
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supportandresistance trendline elliottwaves fcpo fcpo1! fcpo1 cpo crudepalmoil malaysia malaysiastocktrading malaysiafuturesmarket malaysiafutures
August sideways box, ranging roughly btw 2600-2800 zone has been broken, and recent test shows price chosen to stand above it aka bullish.
Immediate resistance is near, R1 @ ~289x-291x; while new support is formed, S1 @ ~278x-280x.
Sideways-Up situation for me...

Staying above immediate UTL, L1, may send price higher above >2900
Else, we may be in another consolidation range, trading within S1-R1 range.

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-JK- MyTradingSpace

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Penafian

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