current resistance : 1584
current support : 1560
the latest support level is broken, then the idea is to short the market when rebound...
of course, this is juz a trading idea...
FCPO active month
current resistance : 2300
current support : 2250
strong support : 2200-2210
waiting for a breakout
this is a trading journal, not recommendation of buying or selling
fcpo trading
disclaimer mode : on
basic argument : just wild guessing with baseless conclusion
story build & narrative : - just late phase of downturn on CPO price panic mode in the new normal condition after pandemic scenario (wild guess)
- replanting old and mature tree which economic age already reached (old data & facts)
...
confusing .....
yet ....
obliviously hangover idea
on CPO MYX:FCPO1!
this just an wild guessing and bad idea...& mostly baseless argument
#disclaimer_mode_on
Hello dear Malaysian traders,
Hoping express that everyone is in good health.
The global supply chain is infected, by this pandemic Covid. Every body was asked to stay at home, the workers are stopping from work. And there is no logistics can be done. The crude oil palm demand is also falling.
The best is, continue Short / sell with strength of downward...
A bullish butterfly formed in hourly chart (06/04/2020). The price soared & exceed the projected target price 2 to RM 2409.
The price is sliding from RM 2409 & it may re-test the projected HOP level for another entry opportunity in the PRZ.
Entry - RM 2230
HOP - RM 2188
TP1 - RM 2320
TP2 - RM 2376
truly full of drama ...and saga of CPO throughout region....
just speculate and funny post, no detailed explanation and wildly guess
#disclaimer_mode_on
Yesterday's CPO has dropped due to the drop on the sales result. Expect to rebound today.
Current: Still under downtrend
Expect to rebound and continue to drop
Long - at market open, TP before 2550(wait for retrace if manage to TP), CL 2430
Short - if break blue trend line
*This are my own trading plan, no intention to ask reader to buy/sell. Share with me...
Confluence setup on FCPO 1hour and 4 hour timeframes. Divergence on RSI . Double top in the making for both timeframe. High probability trade with good risk to reward ratio.
I would like to wish all of traders a happy new year and happy trading in year of 2020. CPO is one of performing commodity. Bullish trend since Oct 2019. May year 2020 will bring a lot of profits. Do not give up in trading. Find a method that suit your personality. Feel free to message if you have any difficulties in trading.
Hi Guys, as usual, start the year with annual outlook on FKLI & FCPO.
First try on video commenting, microphone volume was abit too low, just turn up your volume will do ;)
Hope you like it!
Happy Hunting & Happy 2019!
-jk-
