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FCPO: EW Monthly Count

MYX:FCPO1!   Crude Palm Oil Futures
On a monthly chart, EW count suggests FCPO is consolidating within the 5 - wave triangle (dating back to 2008) with the price is still moving further down south to complete the fifth wave (E). FCPO is expected to move towards the rock bottom area of 2080 - 2130 before bouncing upwards


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