This is for FCPO Trading SYstem : using BONDO setup that can win every month. Why it is consistent winning rate? WE use Probability on our indicator and setup, we tested it for more than 2 year backtest and Live Trade. Every month Win. 60% winning Rate. We only have class in malaysia in malay language.
Just wait, there is no thing to do instantly with FCPO1! It is really just in a trading range we are looking in next days for an opportunity.
So, who is following from the previous chart analysis? We see it together how the price break the channel and make a confirmation of going short. Now we still see market are in bearish. Tomorrow we will see the market rebound or continue going downwards. But all we have to do now is focusing and looking an entry for short. Remember, risk always be there. This is...
After a few bearish days, I turn to the larger timeframe for a larger picture of the price / trend . Bearish move this week crossed the Weekly trendline with strong momentum. I see price continue moving slowly in the next few weeks before another bearish run towards the 4500 level. Consider this as the leg 1 of its bearish move, it created a lower low. And...
Support seems broken as the bears are gaining strength. Daily chart seems to have a strong bearish momentum that breaking into the Reversal Zone1 & 2. Zone 2 is the stronger 1, if broken, price seems moving downwards towards -61.8% of the daily Fibonacci retracement range. There will be a short opportunity if the bulls fade again as second confirmation, in...
There might be a short bullish run as price reaches reversal zone and Weekly trendline. Current momentum shows some fading of bearish momentum. Short-term bulls may run for a while before the bearish momentum can push - broke through the reversal zone.
FCPO closed higher at 5539 after gap filled at 5612 by last Friday but posted weekly losses. What were the factors that caused crude palm oil prices struggling to maintain above 5800? 1. India reduce farm infrastructure tax on CPO to 5%, which will effective until Sept 30, with the objective to increase gap between CPO and refined palm oil to benefit the domestic...
Palm oil prices closed higher at 5628 after hit historical high at 5639. Factors continue to affect palm oil prices: 1. Indonesia finalize their export restriction plan which set 20% local supply rule for palm oil exporters effective from last Thursday (27 Jan 2022). Government also implement price cap on local sales of CPO and palm olein, effective from 1st Feb...
Palm Crude Oil Futures FCPO short-term still looking bullish. Profit Chip of PFT indicator at 38%, if surpass 50% greater chance to reach upper trend line resistance @5500 Bull Bear Energy (BBD) indicator show Dark Green bar turning into Light Green (momentum turns weak) - short term correction on way. #fcpo #fcpo1! #bursasaham #palmoilfutures #commodities...
Palm oil prices gone up higher as expected and closed at 5322 after posted record high at 5327. Factors continue to affect palm oil prices: 1. New export permit policy in Indonesia which required exporters of vegetable oil to gain approval for their shipments and declare their domestic sales with the objective to ensure that sufficient supply of cooking oils in...
Palm oil prices posted gains and closed at 5123, after touched on resistance at 5164. For your information, FCPO January contract expired last Friday. Next Monday onwards will be started to trade on FCPO April contract. Factors continue to affect palm oil prices: 1. Market remained concerns over labour shortages which caused lower palm oil production. 2. Price...
Palm Oil prices extended gains and closed sharply higher at 4993. As market eyeing on upcoming MPOB data to assess the impact on production from flooding in recent weeks disrupting harvesting activities . MPOB data is scheduled to release its Dec data on Monday. Factors continue to affect palm oil prices: 1. Ongoing flash floods in several states continue to...
Palm oil prices extended gains and closed higher at 4697 Technical view: Market holding well at 4600 Market likely to move within the range of 4600-5220 Stochastic level: Market move towards mid level which indicates sideway range signal in the market Suggestion Trade: Market expect to move in range to upward bias ahead of Malaysia Palm Oil Board data release (10...
Palm oil prices slumped and closed at 4408. Last week palm oil prices broken support level at 4700 and touched on weekly low at 4245. There were several factors we can look into: 1. Market plunged about 4.5% on Wed after cargo surveyor reported larger than expected drop in export 2. Price movement in global vegetable oils market also affected palm oil prices 3....
Palm oil prices closed higher and back to the range of 4700-5200. Several Factors that make the palm oil prices back to the range of 4700-5200 as below: 1. Weakness in soybean oil after US raised proposal to scale back biofuel blending mandates 2. Shortage of Workers due to coronavirus pandemic & higher cost of recruitment as palm oil producers make changes in...
Palm oil plunged as expected last week. Market hit weekly low at 4567 and closed at our 1st resistance level. Main reason of the weakness in CPO market due to the uncertainties over the impact Omicron coronavirus variant which dented demand for CPO. Technical view: 1. Immediate resistance level: 4700-4730 2. Stochastic level= Sell Signal remain Suggestion...
Palm Oil market has been ranging for the past few weeks: Reasons behind as below: 1. Rising in new COVID-19 cases in Europe (- export demand= price drop) 2. Weakness in Crude Oil and Soybean Oil (- demand= price drop) 3. Weather concerns (- supply = price up) 4. Labor shortage (- supply = price up) 5. RM weakening (+ demand = price up) Technical View: 1. Strong...
Palm oil markets has been ranging between 4750-5220 since Oct 2021, topics remained hot within the palm oil industry including 1. labor force shortage, 2. global supply and demand concerns amid resurgence in COVID-19 cases especially in Europe. Uncertainty in 3. related edible oil due to weather concerns and 4. OPEC+ decisions to maintains its output which...