Boring_Trader

DAILY FCPO COMMENTARY

Short
MYX:FCPO1!   Crude Palm Oil Futures
Comments:
After FCPO hit 2nd target 4437, now experiencing retracement toward 4040 support zone

Our preference:
A candle close below 4040 support level look for further downside with 3852 as target.

Alternative scenario:
Trader may look for buying opportunities once price break above 4437 with 4520 as target.

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