Bias Bearish Masih KekalThis week, the market moved into the previously marked pullback zone before consolidating for a while and eventually continuing its bearish move, aligning with the previous outlook.
At the moment, FCPO is still trading within a bearish market structure . Price is currently attempting to break be
Compare with Crude Palm Oil Futures
FCPO: Bearish bias.Price is still within range between 4715 and 4370.
4H structure shown that overall price is moving lower.
Next week the target is for price to move lower towards 4520, 4438 and 4370.
If price can close below 4370 (maybe not next week) then the overall target would be the imbalances within the 4100 a
FCPO: Long or Short?MYX:FCPO1! Price stuck in range. If you like trading ranges then this is your market.
So where is next?
If price can break 4689 and close above it then we are breaking higher.
If price instead move lower and break Support #2 then it will be a long way down. Perhaps towards below 4000.
Since price
FCPO: Bullish?MYX:FCPO1! stuck in range between 4370 to 4687. If you plot the area you can probably see an ascending triangle developing. Top of the triangle is a horizontal line connecting two swing high at 4687. If price break and close higher then price would probably going bullish.
Right now price is more o
fcpoFCPO Technical Analysis: Bearish Quasimodo AlignmentExecution: SELLRationale: The FCPO chart has formed a structural Quasimodo pattern (Over-and-Under structure). Price successfully created a Higher High followed by a Lower Low, breaking the minor market structure. Selling on the return to the Left
FCPO: Looking for SHORT.MYX:FCPO1! Price is still trapped within the range between 4687 and 4370. Overall bias still favors the bearish side.
There are three parameters to consider:
Parameter 1:
If price breaks 4518 and closes below it, bearish continuation is likely, initially toward 4445, then potentially toward 437
FCPO: Bearish continuation...So FCPO had successfully making a retracement higher. This open up an opportunity to look for a new SHORT position. A close below 4510 would open up a move lower to 4370. However if price persisting higher and break above 4635 then probably stand aside because it would mean that bearish is weakening
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The nearest expiration date for Crude Palm Oil Futures is Apr 15, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Crude Palm Oil Futures before Apr 15, 2025.









