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ArifHasbollah
Sep 17, 2021 3:16 AM

FCPO New Contract Outlook 

Crude Palm Oil FuturesMYX

Description

1. So far price has respected the uptrend channel.
2. Dec2021 contract open followed by bearish momentum after the false breakout on 15 Sept.
3. Price almost reaches the bottom channel offering long opportunities.

Strategy :
1. BUY if there is reversal CS (doji, hammer, engulfing or morning star)
2. SELL if the price has a valid breakout of the support and the bottom channel. Wait after pullback for entry.
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