TECHNICAL ANALYSIS:
1) BEARISH DIVERGENCE FORMING BETWEEN UPTREND ON CPO PRICE & DOWNTREND ON RSI
2) REBOUNCE ON DOWNTREND LINE
FUNDAMENTAL ANALYSIS:
1) SGS/AMSPEC 1-20TH EXPORT DATA SHOWS SLOWER DEMAND.
2) STRONGER SEASONAL PALM OIL OUTPUT.
3) DOWNTREND ON OVERNIGHT TRADES ON CBOT SOYOIL & RDB PALM OLEIN
1) BEARISH DIVERGENCE FORMING BETWEEN UPTREND ON CPO PRICE & DOWNTREND ON RSI
2) REBOUNCE ON DOWNTREND LINE
FUNDAMENTAL ANALYSIS:
1) SGS/AMSPEC 1-20TH EXPORT DATA SHOWS SLOWER DEMAND.
2) STRONGER SEASONAL PALM OIL OUTPUT.
3) DOWNTREND ON OVERNIGHT TRADES ON CBOT SOYOIL & RDB PALM OLEIN
Trade closed: target reached
(20180424) Entry Level @ 2406(20180503) Exit Level @2332
PROFIT = 74 TICKS (RM1850/LOT)
Comment: RSI Touching RSI30 level, exit on Oversold level
*Please refer to the link for the result
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.