Crude Palm Oil Futures trade ideas

eches

On a monthly chart, EW count suggests FCPO is consolidating within the 5 - wave triangle (dating back to 2008) with the price is still moving further down south to complete the fifth wave (E). FCPO is expected to move towards the rock bottom area of 2080 - 2130 before bouncing upwards

pengiran-

Waiting for wave 4 to complete, looking for bearish setup.

pengiran-

Preferred view: Target area for wave 4 cycle completion will be around 2300 - 2320. Alternate view: Trading below 2275 will give a good indication that wave 4 is already in place. Let the market decide. Happy trading guys!

pengiran-

waiting for opportunity to short with wave 5

pengiran-

Still waiting for evidence showing wave 3 has bottomed.

pengiran-

I go long with FCPO. Buying on high if the first signal bar. SL is place 1 tick below the signal bar. Long Entry Entry Price = 2269.00 Stop Loss = 2238.00

pengiran- Updated 

FCPO ELLIOTT WAVE DAILY CHART ANALYSIS Complex correction of wave 4 forming WXY double combo. Where X wave = triangle , X = 3 structure & Y = irregular flat. For this counting, im assuming the cycle of wave 4 already complete and expecting the decline movement from 2498 to unfold into five wave movement and my next target is at 2255 area.

pengiran- Updated 

FCPO still in the process of completing the wave 3 cycle. Yesterday sideway movement support the idea of wave 4 is in progress. Waiting for opportunity to go short on wave 5.

pengiran-

Price declining from 2455 in 5 wave structure could be an indication telling us that wave 3 is going to end in near future, it is too early to say that wave 3 is already ended as there is still possibility of wave 3 extension to happen. Expecting a sharp correction wave 4 and price to re visit 2320 area, that will be the 38.2% fibo level and also the previous wave...

pengiran-

FCPO 1 HOUR CHART ANALYSIS - INTRADAY Expecting price to go lower to complete the final wave 5 cycle.

Victorain Updated 

TECHNICAL ANALYSIS: 1) BEARISH DIVERGENCE FORMING BETWEEN UPTREND ON CPO PRICE & DOWNTREND ON RSI 2) REBOUNCE ON DOWNTREND LINE FUNDAMENTAL ANALYSIS: 1) SGS/AMSPEC 1-20TH EXPORT DATA SHOWS SLOWER DEMAND. 2) STRONGER SEASONAL PALM OIL OUTPUT. 3) DOWNTREND ON OVERNIGHT TRADES ON CBOT SOYOIL & RDB PALM OLEIN

Hampeh

Short Plan

azharawanali09

FCPO MAY 2018 PROJECTION

rijalfcpo

Market is within sideways. Possible accumulation in progress. There are two possible could happen: 1. Market breach 2410 and went down, or 2. Market breach 2464 and went up. Currently, FCPO market stay within the support zone. Look alike traders waiting for some great move possibly made by the "shark" . Most retail traders will wait for this in order to predict...

iotafutures

let wait for break out sign to LONG the FCPO. weekly chart, expecting another 2weeks time.

lokmanaktien

Price move upward as retracement wave 4, indicator exhibit extreme oversold. Price head back to supply zone (2420-2440) before proceed to move downward

h4191400

Based on the daily stochastic indicator, we see that today is lowest since 2013. Maybe expect of reversal soon.

TheDemonTrader Updated 

Wave 3 achieved the 2.618 target. Wave 5 possible to peak at 2575 area.