this is haidojo and the number is 311 ...
Today is 2nd Dec 2021 and fcpo-Feb22 is still the active third month. After bouncing on and off within the range till 19th Nov 21, the price has descended gradually by showing lower and lower highs. The new low was at 4636 yesterday and this was a lower-low than the previous one (4709). So, we have a continuation of...
this is haidojo and the number is 308 ...
Today is 18th Nov 2021 and fcpo-Feb22 is the active third month now. After bracketing the market, you probably find that the market price has broken below the perceived support level (4850) and reached a new low at 4709. Then, we got a problem. It is still between the bull and bear territory. The 2 monsters are having a...
Setup for Intraday :
1. Price near/ cross EMA200
2. Understand market structure either uptrend/downtrend/consolidation to be able to determine the SnR for the breakout.
3. Market trending confirmation by EMA14, EMA50, and EMA200.
4. Wait for a pullback when stochastic oversold/bought.
5. Make sure price reverse at least 3 candlesticks.
6. Entry when price pullback...
Synthetic FCPO Spread historical chart using 3rd month - 4th month
This is an useful chart if you like to take a look on the historical range of FCPO Spreads
Trading idea taken from www.straitsindex.com
Price yesterday close is very extreme pullback.
So, price today will back to back and bring new hight till the week end.
But beware it could flip back downward after reach the high as shown at chart.
Hi there, its been awhile since my last published.
This is what i found for Futures Crude Palm Oil (FCPO) Bursa Malaysia Derivatives.
Alternation + Channelling in Corrective Waves
Channelling through corrective waves (by the rule of alternation, it is entering wave C in expectation of complex/sharp correction since wave B was in regular triple flat WXYXZ)
With...
Happy Deepavali to all Hindu fellows...
This is UCL Posting :D
1. The last accumulation hit our conservative TP and currently making a new re-accumulation phase with a triangle pattern.
2. If the price can close above 5090 there is a chance the price will continue the uptrend
3. or else possible downwards movement to form spring formation.
4. Notice massive...
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...
Palm oil bounced as bargain buying and persistent sentiment of tight supply moving into Nov and Dec.
Technical Views:
1. CPO prices landed at support level of 4500 and bounce
2. Uptrend Line Well holding
3. Stochastic maintain uptrend signal
In short, maintain ranging to uptrend view in coming week.
immediate support level 4500
immediate resistance level...
FCPO formed hammer at immediate support level at 4750 by last Friday and bounce following MPOB data today.
MPOB data showed flat to lower production and extended labor crunch slowed harvesting activity continued.
Technical view,
1. touched support level at 4750 and bounced
2. hammer formed at support level
3. stochastic at oversold level
Can seek for long...
this is haidojo and the number is 306 ...
Today is 8th Nov 2021 and fcpo-Jan22 is going to expire next week. Nov is a bit tricky with last Friday when suddenly fcpo-Jan22 gap down close to 100pts and went down...If you are holding long positions, then thr is really not much u can do...cutting loss is the most logical thing to do btw...
As for the previous...
