HAIDOJO_trading

FCPO TRADING : 175) downtrend is confirmed

Short
MYX:FCPO1!   Crude Palm Oil Futures
this is haidojo and the number is 175...

lower-low than the 2800 critical support is formed...basically downtrend is confirmed...
so, we don't know exactly how it will fall, whether straight forward to 2600, or forming a zig-zag before hitting the next lower ground...
presumably, price will form zig-zag before hitting the next level of support...
so short on rebound is the strategy now...

higher resistance : 2900

immediate resistance : 2800

lower support : 2600

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