FCPO ANALYSIS 26.02.2024

MYX_DLY:FCPOK2024   Crude Palm Oil Futures
1) I see the price movement heading towards resistance, which is the previous trendline support now turned into resistance.

2) I use Fibonacci retracement to find the best price for selling.

3) I choose the selling area between the Fibonacci levels of 1.236 to 1.618, as I see confluence with the trendline and resistance at those levels.


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