FCPO Spread FCPOK-FCPON2024 attempt to breakout

FCPO SPREAD Contract May2024 vs July2024 is attempting breakout from previous swing high 141

Spread Bullish MA Lineup -> Trending Up
Breaks and close above Turtle Resistant 138 -> Bullish
Upward Momentum -> Bullish

Support

• 124
  

Next target levels

• 165
  
• 179
  
• 203
  

Comment:

Breakout and hit 165 target

next target 179

Trade active:

Comparing May-July 2023 spread vs 2024 Spread

2023 Spread starting to breakout early MAR 2023 and move towards 700 points peak end of May 2023 before sharp decline..

Will 2024 Follow same pattern ?

Trade active:

2024 May/July Fcpo Spread bounce from 140 level which is now become Resistant turned Support.. The trend is similar to 2022/2023 Trend.. Monitor until first week of april before raya