MyTradingSpace_JK

FCPO Q1 Outlook: Sideways-Up to ATH 4.4k-4.8k šŸ“ˆšŸ®

Long
MYX:FCPO1!   CRUDE PALM OIL-RINGGIT FUTURES
Technicals
  • Major S: 3.6-3.7k (nearest support) ; 3.2-3.4k ( prev consolidation range)
  • Major R: 3.8-3.9k ; 4-4.2k ; 4.4k ( ATH ) ; 4.8k (Weekly breakout projection)

šŸ‘‡šŸ» Prev idea on potential CPO New Bull Cycle:

šŸ‘‡šŸ» Dec Bullish Call on CPO:

šŸ”” Q1 Risk Factor to Watch:
Covid, Reinstating/further extension of MCO , Political instability (Malaysia), US President transition, US-China trade war ( soybean oil deals), Geopolitical tension in Iran/Taiwan

I'm Long bias for FCPO in 1Q2021, looking to initiate Long positions shall Major S holds.

Happy Hunting! šŸ„‚šŸš€
-jk-