HAIDOJO_trading

FCPO TRADING : 192) long on pullback/retracement

Long
MYX:FCPO1!   Crude Palm Oil Futures
this is haidojo and the number is 192...

fcpo-dec still stuck at the current resistance 2890-2900...if the price breaks abv this, it will retest 3033-3100...
a level which were tested in Dec2016-Jan2017, Jan this year and also last month, mid-Sept...
level abv 3100 has not yet been reached ever since 2012...8 long years! so let's see what might happen next...
if this level (2890-2900) doesn't hold, then it will find support at 2820-2800...
unless 2700 level, which was the latest low is broken, if not, overall fcpo is still in bullish state...
so long on retracement is the strategy now...

strong resistance : 3030-3100 (abv this level is fastlane; crazy bull)

immediate resistance : 2900

support : 2820-2800

critical support : 2800(below this is bear)

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