rizmiroslan

FCPO Outlook Week of 13/07/2020

Long
MYX:FCPOU2020   CRUDE PALM OIL-RINGGIT FUTURES
Based on weekly chart, price is still within the body of last 2 weeks candle and continued to test previous weekly resistance albeit some retracement last week.

This week, most probable it going to retest immediate resistance of 2429 area and continue to retest resistance level at 2464. Look for buy opportunity. Wait for confirmation at 1H chart and refine your entry at TF15

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