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
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Breakout and hit 165 target
next target 179
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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 ?
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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