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
Crude Palm Oil Futures
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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
FCPO: Bearish update...Price retraced to the expected area. It then turns lower after and broke the previous higher high. Further than that it also continued lower and broke the support level. Right now expecting price to continue lower with first target is 4485 and eventually also targetiing the lower of the 4H support a
FCPO: BEARISH in the making?Price still within 1W range of high at 5200 and low at 3640. 1D however showing signs that a bullish trend might be ending. However there is no confirmation yet on 4H. Next week expecting price to go higher to around 4700 area before giving any indication that bullish is ending.
Happy trading.
FCPO: Long or Short?Price is in range. It didn't breakthrough lower as expected last week. Instead it continues to be in range. For next week:
Option 1: if price breakthrough 4500 and stay above it then there is likely we will see a bullish movement.
Option 2: If price retraced towards 4475 and defend the level then we
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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 current price of Crude Palm Oil Futures is 4,475 MYR / TNE — it has fallen −1.67% in the past 24 hours. Watch Crude Palm Oil Futures price in more detail on the chart.
The volume of Crude Palm Oil Futures is 36.47 K. Track more important stats on the Crude Palm Oil Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Crude Palm Oil Futures this number is 96.77 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Crude Palm Oil Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Crude Palm Oil Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Crude Palm Oil Futures technicals for a more comprehensive analysis.









