AbangManuK

AbangManuK

Palm hit a one-week low in the previous session, after three straight sessions of losses. Meanwhile... The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 16 ringgit, or 0.49%, to 3,295 ringgit ($803.17) a tonne during early trade. . . For some reason.. 1- The world's largest producer of crude palm oil,...

AbangManuK

Is it possible to hit 3400 and sustain above 3000 per tonne???? Hell Yeah!! Lets take a look...1..2..3 ZZaaazzz~~ The global demand for palm oil is expected to contract by four per cent or 3.2 million tonnes due to the impact from COVID-19 Demand for palm oil stood at 71.48 million tonnes which leads to China’s palm oil demand and recovery...

AbangManuK

As per mentioned in the previous post, CPO is expected to rise until December due to few factors as follow - 1- La Nina could disrupt soybean and other oilseeds supplies in 2021 2 - Weak CPO supply and current tight palm oil stocks limit downside with worker shortage issues 3- Stronger CPO demand as global economy recovers from the pandemics 4- Wider...

AbangManuK

What a rally and bullish for CPO and it will continue uptrend until November 2020 (My 2cent personal prediction).. from my sight, it will continue to hit 2972 and so on will continue to reach higher prices until it is able to reach the price level of 3000.. CPO Physical Price as per MPOB (Local delivery) - 20 Oct 2020 - Source: MPOB . . FOR SOME REASON 1....

AbangManuK

Strong R will be at 1966 to be breaks with a high volume to help it jump to higher price level at 2031 . In continuing the climb aggressively, there are few of strong R on the 19th Aug 2020 bearish candle at 1924 & 2005 . . Technically, the December gold futures bulls have the overall near-term technical advantage. Trend-line resistance was breached on the...

AbangManuK

It was sighted a fresh breakout on strong R @ 2870..now it turns to reach a higher price up top 3000...OCTOBER...here we come...~~ lets take a look,, whether it will do once more gap up tomorrow or it will climbs up aggressively.. Some additional information... Average CPO price rose 3.8% m-o-m and 39% year-on-year (y-o-y) to RM2,924 per tonne in September due...

AbangManuK

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to stay in a bearish tone as market sentiment continues to decline amid rising number of COVID-19 cases. Estimate of pullback point is between 2692 - 2712..and if it fails to jump up again at 2683, most likely it will continue to fall up .. Be careful with the movement and always...

AbangManuK

Make it short and simple.. bullish point identified when it reach above price than 2860.. . . My prediction it will hit 2918 and reach 3000 on this October..~ Lets take a look together...Go..Go..Go..~ . . Till Then, Happy trading & TAYOR

AbangManuK

FCPO expected to be rebound between 2726 - 2699 if it continues the downward movement.. If it breaks 2520..then, farewell to Mr Bullish..

AbangManuK

Sighted the candle movement ..it look likes the candle is nicely standing at the middle bollinger band... . . So.. what it is means??? hehe what i can say and predict...it will come out from the cumo cloud and will jump to breakout the trend line.. . . anyway..Happy Trading & TAYOR

AbangManuK

it was sighted that FCPO become more aggressive in the past few days.. . . As we can see in the chart..it has already closed @ 3080..where it almost completed the 3rd wave.. in my point of view, it will gap up once more before it will start to retrace.. . . Maximum price level it will hit approximately @ 3136.. it is beyond our expectation anyway..3136 are one of...

AbangManuK

yeah!!! it looks like it will go to reach higher price...1st attempt will be 2927 price to be hit then if breaks the price (2927) it will become a strong support before it will spike to hit strong resistance at 3022 and 3038 . . Lets take a look together.. if my prediction is correct and hit the target price as per studied... FCPO..go..go..go...aumms!!

AbangManuK

Next price target to be hit @ 2927 before reach higher at the price level of 3005..Go..Go..Go...!!!!

AbangManuK

Strong 2814 to help it to bound up to a higher price ..3038 perhaps.. Now it is in a very interesting uptrend.. . . Did you know? the deliverable unit is 25 metric tons, plus or minus not more than 2%. Settlement of weight differences shall be based on the simple average of the daily Settlement Prices of the delivery month from: The 1st Business Day of the...

AbangManuK

Looks like FCPO has jumped 0.86% ... . . On my naked sight of view..the candlestick formation last Friday showed a strong buy signal.. The question is... Is my guess this time accurate or not? Let's all look at the results next Tuesday.. If my guess is correct, please share and like this page as an encouragement and supports for me to do more studies Let's take...

AbangManuK

Seen the DTL to be breakout..but then it still requires a big volume to push the price higher than its closed price.. . . take a look at 2766..if it succeeds in breaking this strong resistance @ DTL, great potential for it to "fly' to a higher price level and will probably reach up to the price level as in the chart pattern above... . . Let's take a closer look...

AbangManuK

Let the chart above show and explain everything..1st red dot of PSAR has shown a trend shift from UTL to DTL.. Presumably, how long it will last before changing trends again?? Let's take a closer look together at how interesting the journey is... Where is the turning point for price change to reach a higher level? DISCLAIMER Happy Trading & Trade At Your Own...

AbangManuK

Refer to the chart above..Both have their own charms.... . But which one will perform more tomorrow?? . . Let's take a look together.. Which one is able to give us more 'happiness' and satisfaction in trading.. . . However, bear in mind the market is not ours.. So, always be prepared with a trading plan...CL is a must whenever the trading plan does not work...