Today 14th June : Opening will be slightly gap up to reach 2026, next 2030. After completing point touch, trending down will take turn.
By the way, if price manage to push and break resistant 2038, it will continue looking upwards to reach 2055.
@AmLottoFCPO
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.
Fundamental
Malaysian palm oil futures extended its losses on Friday pressured by the
overnight weakness in rival oil market performance. Globally, the West Texas
Intermediate (WTI) crude oil dropped $3.09 to settle at $53.50 per barrel on Friday
on the potential faltering crude demand amid the announcement made by US
President Donald Trump to impose tariffs...
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...
-secara psikolgy pergerakan harga, harga sudah mencapai tahap maksimum penurunan zon SELL 2250, dimana harga yg ditutup pd JUmaat lepas adalah 2007.
-ini membeikan julat pergarakan harga besar dlm lingkungan 2250 - 2007 =243 tick utk 2 bulan , dgn nilai purata sebulan sudah bergerak 120+- tick. Ini merupakan pergerakan significant utk OV player.
-so jangkaan...
Key level = 2038
Updated wave interpretation based on market fact; it seems like wave ((2)) is developing into a complex correction. Our first assumption for this complex wave ((2)) is a double three correction pattern. Looking for wave ((2)) termination in the near future. Our key level must hold for this wave analysis.
