Weekly demand zone between 1863 - 1953 is being tested yet again. A small overshoot of wave 5 (circle) below 1940 is expected rather than a truncation with dashed line governing the extreme. Any strong movement below dashed line or 1900 price level will require a recount.
#contengconteng #fcpo #crudepalmoil
FCPO likely to continue range bound between 1998 and 2008.
There is an opportunity to short if price dips below 1996 and continue in the next candle.
An opportunity to rebound will appear if bulls can oush the price above 2011. In between, trader can box trade.
FCPO formed a bullish gartley in the hourly time frame.
There is a high chance the market may move upwards and retest previous structure highs.
However there are no guarantees in trading. Hence stops can be considered at 1,960 and below, which is the X leg of this gartley. A close below this 1,960 will kill off this bullish gartley.
DISCLAIMER: ABOVE ARE...
In 1 hour chart FCPO considered ranging. Here are support & resistance levels worth your attention : 1994 support level and 2116 resistance level.
DISCLAIMER: ABOVE ARE BASED ON MY OWN ANALYSIS, IT'S NOT A BUY/SELL CALL AND DOES NOT CONSIDER YOUR RISK APPETITE.
Daripada kajian teknikal, beberapa paras sokongan dan rintangan yang menjadi penentu kepada perubahan pergerakan harga market. Paras di antara 2070 dan 2093 adalah dijangka sebagai kawasan sideways. Sekiranya harga berjaya melepasi ke bawah 2070. Kemungkinan ia akan meneruskan perjalanan ke paras seterusnya iaitu 2035, 2020 dan 1993. Sebaliknya sekiranya harga...
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