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...
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
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...
Long term is bullish
price above MA 9/34
inside uptrend channel
however the MA differential is outstretch
and RSI at overbought
may warn a potential correction
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.
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 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...
CPO is in Uptrend since June 2021 and will move upward to reach MYR5,800.
Support that needs to be Broken Down to reverse Uptrend is in MYR4,700. As long as CPO is still above MYR4,700, I predict it will move to MYR5,800.
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 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...
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...
