Get started

Fcpo1

8/12/25 Market Back to 4100-50 Tight Trading Range Area Friday’s candlestick (Dec. 4) was an inside bull bar closing near its high. In our previous report, we stated that traders would watch to see whether the bears could create follow-through selling and close far below the 20-day EMA, or if the market would trade higher to retest the area near the 20-day EMA instead. The market traded higher to test near the 20-day EMA area. The weekly candlestick closed as a bull bar in its upper half. The bulls hope the selloff (Nov 26) will form a major higher low. The bulls hope to get a reversal from a large wedge pattern (Jan 17, May 8, and Nov 26). They see any pullback simply as a retest of the November 26 low, and want it to be weak (overlapping candlesticks, poor follow-through selling), forming a higher low major trend reversal. They must produce strong follow-through buying above the 20-day EMA to show they are clearly in control. The bears want the 20-day EMA to act as a resistance level, followed by a retest of the November low. If the market trades higher, they want the November 19 high to act as resistance (around 4250-4300 area) They hope for a strong third leg down to form the wedge pattern, with the first two legs being Nov 13 and Nov 26. Fundamentals • Production: Production may be down in December. • Refineries: Buying interest is there at these low prices. Not paying premiums vs spot futures. • Exports: ITS first five days of Dec: TBA The market sold off in a tight bear channel, followed by a tight trading range in November, which could be a possible final flag, followed by a second leg sideways to down (Nov 26). The market formed a pullback towards the 20-day EMA and back to the November tight trading range area around 4100-50 area. If the market trades lower, traders will see the strength of the retest of the November 26 low. Will it be strong, breaking below the Nov 26 low? Or will it be weak, perhaps stalling around the December 2 low area? Today (Monday, Dec. 8), traders will watch to see whether the bulls can create a follow-through bull bar closing above the 20-day EMA, or will the market trade lower instead? Will the market be choppy around the 4100-4150 range again like in November? Andrew
MYX:FCPO1!
by Tech_Trader88
5/12/25 Can Bears Get FT Selling or Retest Above 20-Day EMA? Thursday’s candlestick (Dec. 4) was a bear bar closing in its lower half with a small tail below. In our previous report, we stated that traders would watch if the bears could create follow-through selling and close far below the 20-day EMA, or if the market would trade slightly lower but close with a long tail below and above the middle of the candlestick. The market traded lower and closed below the 20-day EMA. The bulls hope the selloff (Nov 26) will form a major higher low. The bulls hope to get a reversal from a large wedge pattern (Jan 17, May 8, and Nov 26). They see any pullback simply as a retest of the November 26 low, and want it to be weak (overlapping candlesticks, poor follow-through selling), forming a higher low major trend reversal. They must produce strong follow-through buying above the 20-day EMA to show they are clearly in control. The bears want the 20-day EMA to act as a resistance level, followed by a retest of the November low. If the market trades higher, they want the November 19 high to act as resistance (around 4250-4300 area) They hope for a strong third leg down to form the wedge pattern, with the first two legs being Nov 13 and Nov 26. Fundamentals • Production: Production may be down in December. • Refineries: Buying interest is there at these low prices. Not paying premiums vs spot futures. • Exports: ITS first five days of Dec: TBA The market sold off in a tight bear channel, followed by a tight trading range in November, which could be a possible final flag, followed by a second leg sideways to down (Nov 26). The market formed a pullback towards the 20-day EMA this week. Next, traders will see the strength of the retest of the November 26 low. Will it be strong, breaking below the Nov 26 low? Or will it be weak, perhaps stalling around the December 2 low area? Bulls want a strong bull bar today so that the weekly candlestick will close in its upper half, while the bears want a strong bear bar today so that the weekly candlestick will have a bear body and a long tail above. Today (Friday, Dec. 5), traders will watch to see whether the bears can create follow-through selling and close far below the 20-day EMA, or will the market trade higher to retest the area near the 20-day EMA instead? Andrew
MYX:FCPO1!
by Tech_Trader88
4/12/25 Can Bears Create Strong Retest of Nov 26 Low? Wednesday’s candlestick (Dec. 3) was a bear doji closing near its low with a long tail above. In our previous report, we stated that traders would watch if the bulls could create follow-through buying, or if the market would trade slightly higher but close with a long tail above, closing below the 20-day EMA. The market traded higher in the morning session but pulled back down to close near the 20-day EMA. FCPO is currently trading below the 20-day EMA following the session last night. The bulls hope the current decline will form a major higher low. They hope the recent tight trading range (in Nov) will be the final flag of the move and want the market to reverse back into the tight trading range and the 20-day EMA. The market is here now. The bulls hope to get a reversal from a large wedge pattern (Jan 17, May 8, and Nov 26). They see any pullback simply as a retest of the November 26 low, and want it to be weak (overlapping candlesticks, poor follow-through selling), forming a higher low major trend reversal. They must produce strong follow-through buying above the 20-day EMA to show they are clearly in control. The bears want the 20-day EMA to act as a resistance level, followed by a retest of the November low. If the market trades higher, they want the November 19 high to act as resistance (around 4250-4300 area) They hope to get a third leg down to form the wedge pattern, with the first two legs being Nov 13 and Nov 26. Fundamentals • Production: Production may be down in December. • Refineries: Buying interest is there at these low prices. Not paying premiums vs spot futures. • Exports: ITS said exports are down -19.68% in November. The market sold off in a tight bear channel, followed by a tight trading range in November, which could be a possible final flag, followed by a second leg sideways to down (Nov 26). The market formed a pullback towards the 20-day EMA this week. Next, traders will see the strength of the retest of the November 26 low. Will it be strong, breaking below the Nov 26 low? Or will it be weak, perhaps stalling around the December 2 low area? Today (Thursday, Dec. 4), traders will watch if the bears can create follow-through selling and close far below the 20-day EMA, or will the market trade slightly lower, but close with a long tail below and above the middle of the candlestick? Andrew
MYX:FCPO1!
by Tech_Trader88
3/12/25 Can Bulls Create FT Buying Above the 20-Day EMA? Tuesday’s candlestick (Dec. 2) was an outside bull bar closing near its high with a long tail below. In our previous report, we stated that traders would see whether the bulls could create a retest and close above the 20-day EMA, or if the bears create a strong retest of the November low instead. The market traded slightly lower in the night session but reversed higher, testing the 20-day EMA and closing above it. The bulls hope the current decline will form a major higher low. They hope the recent tight trading range (in Nov) will be the final flag of the move and want the market to reverse back into the tight trading range and the 20-day EMA. The market is here now. The bulls hope to get a reversal from a large wedge pattern (Jan 17, May 8, and Nov 26). They must produce strong follow-through buying above the 20-day EMA to show they are clearly in control. The bears want the 20-day EMA to act as a resistance level, followed by a retest of the November low. If the market trades higher, they want the November 19 high to act as resistance (around 4250-4300 area) They hope to get a third leg down to form the wedge pattern, with the first two legs being Nov 13 and Nov 26. Fundamentals • Production: Production may be down in December. • Refineries: Buying interest is there at these low prices. Not paying premiums vs spot futures. • Exports: ITS said exports are down -19.68% in November. The market sold off in a tight bear channel, followed by a tight trading range in November, which could be a possible final flag, followed by a second leg sideways to down (Nov 26). The selloff was also climactic and slightly oversold. There could be a minor pullback towards the 20-day EMA. This move is underway. Today (Wednesday, Dec. 3), traders will see if the bulls can create follow-through buying above the 20-day EMA, or will the market trade slightly higher, but close with a long tail above and closing below the 20-day EMA instead? Andrew
MYX:FCPO1!
by Tech_Trader88
2/12/25 Can Bulls Create A Strong PB, or Retest Nov Low? Monday’s candlestick (Dec 1) was a bear bar closing near its low with a long tail above. In our previous report, we stated that bulls wanted the candlestick to close near its high, so the weekly candlestick would close as a strong bull bar. This was the case. The market traded slightly higher but reversed lower towards the evening. The bulls hope the current decline will form a major higher low. They hope the recent tight trading range will be the final flag of the move and want the market to reverse back into the tight trading range. At the least, they hope for a small pullback to the 20-day EMA. This move is underway. The market reached the tight trading range yesterday (Dec 1) and near the 20-EMA, followed by a small pullback lower. The bulls hope to get a reversal from a large wedge pattern (Jan 17, May 8, and Nov 26). They hope the current pullback will be minor, followed by a reversal above the 20-day EMA. They must produce strong consecutive bull bars to show they are clearly in control. The bears want the 20-day EMA to act as a resistance level, followed by a retest of the November low. They hope to get a third leg sideways to down to form the wedge pattern with the first two legs being Nov 13 and Nov 26. Fundamentals • Production: SPPOMA down 2% in November. Production may be down in December. • Refineries: Buying interest is still there at these low prices. Not paying premiums vs spot futures. • Exports: ITS said exports are down -19.68% in November. The market sold off in a tight bear channel, followed by a tight trading range in October, which could be a possible final flag, followed by a second leg sideways to down. The selloff was also climactic and slightly oversold. There could be a minor pullback towards the 20-day EMA. The market tested near the 20-day EMA yesterday. Today (Tuesday, Dec. 2), traders will see if the bulls can create a retest and close above the 20-day EMA, or will the bears create a strong retest of the November low instead. Andrew
MYX:FCPO1!
by Tech_Trader88
28/11/25 Bulls Want Strong Weekly Bar, Bears Want Tail Above Thursday’s candlestick (Nov 27) was a follow-through bull bar closing near its high. In our previous report, we stated that traders would watch to see if the bulls could create a consecutive bull bar closing near its high, or if the market would trade slightly higher, but the candlestick would close below the middle of its range with a long tail above. The market traded higher towards the 20-day EMA. The bulls hope the current decline will form a major higher low. They hope the recent tight trading range will be the final flag of the move and want the market to reverse back into the tight trading range. At the least, they hope for a small pullback to the 20-day EMA. This move is underway. They must produce strong consecutive bull bars to show they are clearly in control. The bears reached the measured-move target of the 4000–3950 area this week. The bears want the 20-day EMA to act as a resistance level, followed by a retest of the November low. They want any pullback (bounce) to be weak, characterized by overlapping candlesticks and a long tail extending above. Fundamentals • Production: SPPOMA increased by about 5% in the first 25 days. • Refineries: Buying interest is still there at these low prices. Not paying premiums vs spot futures. • Exports: ITS said exports are down 18.48% in the first 25 days. Overall, the market sold off in a tight bear channel, indicating strong selling momentum. The market remains Always-In-Short. The selloff was also climactic and slightly oversold. There could be a minor pullback towards the 20-day EMA, which may have begun. Today (Friday, Nov. 28), bulls want the candlestick to close near its high, so the weekly candlestick will close as a strong bull bar. If this is the case, the market may trade at least a little higher next week. Bears want today to close as a strong bear bar, so the weekly candlestick will close with a bear body or a prominent tail above. Andrew
MYX:FCPO1!
by Tech_Trader88
27/11/25 Can Bulls Create a Strong Pullback? Wednesday’s candlestick (Nov 26) was a bull bar closing in its upper half with a prominent tail above. In our previous report, we stated that traders would watch to see if the bears could create more follow-through selling and extend the second leg sideways to down, or if the market would stall around the 4000 area and form candlesticks with long tails below in the days ahead, which could indicate some profit-taking activity. The market traded slightly lower but closed higher for the day and is holding around the 4000 area for now. The bulls hope the current decline will form a major higher low. They hope the recent tight trading range will be the final flag of the move and want the market to reverse back into the tight trading range. At the least, they hope for a small pullback to the 20-day EMA. They must produce strong consecutive bull bars to show they are clearly in control. The bears reached the measured-move target of the 4000–3950 area this week. The next target for the bears is the May low, around the 3800-50 area. The selloff formed a tight bear channel, indicating strong bearish sentiment and persistent selling pressure. If there is a pullback, the bears want the 20-day EMA to act as a resistance level. They want any pullback (bounce) to be weak, characterized by overlapping candlesticks and a long tail extending above. Fundamentals • Production: SPPOMA increased by about 5% in the first 25 days. • Refineries: Buying interest is still there at these low prices. Not paying premiums vs spot futures. • Exports: ITS said exports are down 18.48% in the first 25 days. Overall, the market sold off in a tight bear channel, indicating strong selling momentum. The market remains Always-In-Short. The selloff was also climactic and slightly oversold. There could be a minor pullback towards the 20-day EMA, which may have begun yesterday. Today (Thursday, Nov. 27), traders will watch to see if the bulls can create a consecutive bull bar closing near its high. Or will the market trade slightly higher, but the candlestick close below the middle of its range with a long tail above? Andrew
MYX:FCPO1!
by Tech_Trader88
26/11/25 Bears Want FT Selling, Bulls Want Pullback Tuesday’s candlestick (Nov 25) was another follow-through small bear bar closing near its low with a small tail below. In our previous report, we stated that traders would watch to see if the bears could create more follow-through selling and extend the second leg sideways to down, or if the market would stall around the 4000 area and form candlesticks with long tails below in the days ahead, which could indicate some profit-taking activity. The market traded lower to reach the measured move target of 4000-3950. The bulls hope the current decline will form a major higher low. They hope the recent tight trading range will be the final flag of the move and want the market to reverse back into the tight trading range. At the least, they hope for a small pullback to the 20-day EMA. They must produce strong consecutive bull bars to show they are clearly in control. They haven't been able to do so. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. They have achieved this. The next target for the bears is the May low, around the 3800-50 area. The selloff formed a tight bear channel, indicating strong bearish sentiment and persistent selling pressure. If there is a small pullback, odds slightly favor at least a small sideways to down leg to retest the current leg low (now Nov 25). They need to continue creating follow-through selling to reach the measured move targets. Fundamentals • Production: SPPOMA increased by about 10% in the first 20 days. • Refineries: Buying interest slightly lukewarm. Some refineries are reporting high stock. Not paying premiums vs spot futures. • Exports: ITS said exports are down 18.48% in the first 25 days. Overall, the market sold off in a tight bear channel, indicating strong selling momentum. The market remains Always-In-Short. Today (Wednesday, Nov. 26), traders will watch to see if the bears can create more follow-through selling and extend the second leg sideways to down. Or will the market stall around the 4000 area and form candlesticks with long tails below in the days ahead, which can indicate some profit-taking activity? Andrew
MYX:FCPO1!
by Tech_Trader88
25/11/25 More FT Selling, or Stall? Monday’s candlestick (Nov 24) was a follow-through small bear bar closing near its low with a prominent tail above. In our previous report, we said traders would watch if the bears could create more follow-through selling, or if the market would trade slightly lower, but close with a long tail below candlesticks, which could indicate some profit-taking activity. The market attempted to trade higher in the first half of the day but reversed, closing lower. The bulls hope the current decline will form a major higher low. They hope the recent tight trading range will be the final flag of the move and want the market to reverse back into the tight trading range. They must produce strong consecutive bull bars to show they are clearly in control. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The selloff formed a tight bear channel, indicating strong bearish sentiment and persistent selling pressure. They want a second leg sideways to down. The move is now underway. They need to continue creating follow-through selling to reach the measured move targets. Fundamentals • Production: SPPOMA increased by about 10% in the first 20 days. • Refineries: Buying interest remains, though not paying premiums vs spot futures. • Exports: ITS said exports are down 20% in the first 20 days. Overall, the market sold off in a tight bear channel, indicating strong selling momentum. The market remains Always-In-Short. The market formed a pullback to the 20-day EMA, followed by the start of a second leg sideways to down. Today (Tuesday, Nov 25), traders will watch if the bears can create more follow-through selling and extend the second leg sideways to down. Or will the market stall around the 4000 area and form candlesticks with long tails below in the days ahead, which can indicate some profit-taking activity? Andrew
MYX:FCPO1!
by Tech_Trader88
24/11/25 Possible 2nd Leg Sideways to Down, Bear Need FT Friday’s candlestick (Nov 21) was a follow-through bear bar closing near its low. In our previous report, we said traders would watch if the bears could create a strong retest of the November low, trading back into the tight trading range, or if the market would trade slightly lower, but close with long tails below bars. The market formed a retest and breakout below the Nov 13 low. The bulls hope the current decline will form a major higher low. They want the market to reverse back into the tight trading range. They must produce strong consecutive bull bars to show they are clearly in control. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The selloff formed a tight bear channel, indicating strong bearish sentiment and persistent selling pressure. They see the recent move (Nov 19) as a pullback. They want it to stall around the 20-day EMA, followed by a second leg sideways to down. The move is now underway. They need to continue creating follow-through selling to reach the measured move targets. Fundamentals • Production: SPPOMA increased by about 10% in the first 20 days. • Refineries: Buying interest remains, though not paying premiums vs spot futures. • Exports: ITS said exports are down 20% in the first 20 days. Overall, the market sold off in a tight bear channel, indicating strong selling momentum. The market remains Always-In-Short. The market has formed a pullback to the 20-day EMA, followed by the start of a possible second leg sideways to down. Today (Monday, Nov 24), traders will watch if the bears can create more follow-through selling. Or will the market trade slightly lower, but close with a long tail below candlesticks, which can indicate some profit-taking activity? Andrew
MYX:FCPO1!
by Tech_Trader88
20/11/25 PB to 20-Day EMA, Retest Low Wednesday’s candlestick (Nov 19) was a bull bar closing in its lower half with a long tail above. In our previous report, we said traders would watch if the bulls could get a strong follow-through bull bar, closing above the 20-day EMA, or if the candlestick will close below the middle of its range, and with a long tail above. The market tested the 20-day EMA, but reversed to close below it. The bulls hope the current decline will form a major higher low. They want a pullback to the 20-day EMA. They got what they wanted in Tuesday's session. If the market trades lower, they want it to form a higher low, followed by a second leg sideways to up. They want the previous tight trading range to act as support. They must now produce strong consecutive bull bars to show they are clearly in control. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The selloff formed a tight bear channel, indicating strong bearish sentiment and persistent selling pressure. They see the recent move (Nov 19) as a pullback. They want it to stall around the 20-day EMA, followed by a second leg sideways to down. At the least, they want a retest of the November 18 low, even if it only forms a higher low. The move is underway. Fundamentals • Production: SPPOMA about flat in the first 15 days. • Refineries: Buying interest remains, though not paying premiums vs spot futures. • Exports: ITS said exports are down 15.50% in the first 15 days. Overall, the market sold off in a tight bear channel, indicating strong selling momentum. The market remains Always-In-Short. The selloff, however, is slightly climactic and has a parabolic wedge shape. The market may need to form a minor pullback before resuming its decline. The market has formed a pullback to the 20-day EMA yesterday. For now, odds still slightly favor the first pullback being minor, followed by a retest of the Nov 18 low, even if it only forms a higher low. This remains true. Today (Thursday, Nov 20), traders will watch if the bears can get a strong retest of the November low, trading back into the tight trading range. Or will the market trade slightly lower, but close with a long tail below? Andrew
MYX:FCPO1!
by Tech_Trader88
19/11/25 BO Above TTR, Test 20-EMA, Bulls Need FT Buying Tuesday’s candlestick (Nov 18) was a bull bar closing near its high with a small tail above. In our previous report, we said traders would watch whether the market continues to chop sideways within the tight trading range formed in the last 10 trading days, or if the market breaks from either direction. Expect breakouts from trading ranges to fail 80-90% of the time. The market formed a breakout above the tight trading range. The bulls hope the current decline will form a major higher low. They want a pullback to the 20-day EMA. They got what they wanted in Tuesday night's session. They must now produce strong consecutive bull bars to show they are clearly in control. If the market trades lower, they want it to form a higher low, followed by a second leg sideways to up. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The selloff formed a tight bear channel, indicating strong bearish sentiment and persistent selling pressure. They see the current move as a pullback. They want it to stall around the 20-day EMA, followed by a second leg sideways to down. At the least, they want a retest of the November 18 low, even if it only forms a higher low. Fundamentals • Production: SPPOMA about flat in the first 15 days. • Refineries: Buying interest remains, though not paying premiums vs spot futures. • Exports: ITS said exports are down 15.50% in the first 15 days. Overall, the market sold off in a tight bear channel, indicating strong selling momentum. The market remains Always-In-Short. The selloff, however, is slightly climactic and has a parabolic wedge shape. The market may need to form a minor pullback before resuming its decline. The market has formed a pullback to the 20-day EMA today. For now, odds still slightly favor the first pullback being minor, followed by a retest of the Nov 18 low, even if it only forms a higher low. Today (Wednesday, Nov 19), traders will watch if the bulls can get a strong follow-through bull bar, closing above the 20-day EMA. Or if the candlestick will close below the middle of its range, and with a long tail above? Andrew
MYX:FCPO1!
by Tech_Trader88
18/11/25 No Breakout from Sideways Tight Trading Range Yet Monday’s candlestick (Nov 17) was an outside bull bar closing in its upper half with a prominent tail above. In our previous report, we said traders would watch whether the market continues to chop sideways within the tight trading range formed in the last 9 trading days, or if the market would break from either direction. Expect breakouts from trading ranges to fail 80-90% of the time. The market remains in the tight trading range, testing its upper third. The bulls hope the current decline will form a major higher low. If the market trades lower, they want the recent sideways consolidation to be the final flag of the move. They want a pullback to the 20-day EMA. The problem with the bull's case is that they haven't been able to create strong bull bars to show control. They must now produce strong consecutive bull bars, clearly breaking above the tight trading range with follow-through buying. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The selloff formed a tight bear channel, showing strong bears and persistent selling pressure. They see the current tight trading range as a pullback. They want a breakout below, followed by another strong leg down. If the market trades higher, the bears want it to stall around 4200 or the 20-day EMA, then resume its decline. Fundamentals • Production: SPPOMA about flat in the first 15 days. • Refineries: Buying interest remains, though not paying premiums vs spot futures. • Exports: ITS said exports are down 15.50% in the first 15 days. Overall, the market sold off in a tight bear channel — evidence of strong selling momentum. The market remains Always-In-Short. The selloff, however, is slightly climactic and has a parabolic wedge shape. The market may need to form a minor pullback before resuming its decline. However, the bulls have not yet been able to create decent buying pressure. The bulls need to do more to show they are at least temporarily back in control by creating consecutive strong bull bars. Otherwise, traders will not be willing to buy aggressively. If the pullback remains sideways and the bulls fail to create strong bull bars, the odds of another leg down towards 4000 will increase in the days/weeks ahead. For now, odds still slightly favor the first pullback being minor. Today (Tuesday, Nov 18), traders will watch whether the market continues to chop sideways within the tight trading range formed in the last 10 trading days. Or if the market breaks from either direction. Expect breakouts from trading ranges to fail 80-90% of the time. Andrew
MYX:FCPO1!
by Tech_Trader88
17/11/25 Market in Sideways Tight Trading Range Friday’s candlestick (Nov 14) was a doji closing near its high with a long tail below. In our previous report, we said traders would watch whether the bears get a strong bear bar or if the bulls could create a strong bull bar, which would create a bull body on the weekly candlestick. The market continued trading sideways in a tight trading range, and the weekly candlestick closed as a small bull doji. The bulls hope the current decline will form a major higher low. If the market trades lower, they want the recent sideways consolidation to be the final flag of the move. They want a pullback to the 20-day EMA. The problem with the bull's case is that they haven't been able to create strong bull bars to show control. They must now produce strong consecutive bull bars, clearly breaking above the tight trading range with follow-through buying. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The selloff formed a tight bear channel, showing strong bears and persistent selling pressure. They see the current tight trading range as a pullback. They want a breakout below, followed by another strong leg down. If the market trades higher, the bears want it to stall around 4200 or the 20-day EMA, then resume its decline. Fundamentals • Production: SPPOMA down 2% in the first 10 days. • Refineries: Buying interest remains, though not paying premiums vs spot futures. • Exports: ITS said exports are down 15.50% in the first 15 days. Overall, the market sold off in a tight bear channel — evidence of strong selling momentum. The market remains Always-In-Short. The selloff, however, is slightly climactic and has a parabolic wedge shape. The market may need to form a minor pullback before resuming its decline. However, he bulls have not yet been able to create decent buying pressure. The bulls need to do more to show they are at least temporarily back in control by creating consecutive strong bull bars. Otherwise, traders will not be willing to buy aggressively. If the pullback remains sideways and the bulls fail to create strong bull bars, the odds of another leg down towards 4000 will increase in the days/weeks ahead. For now, odds still slightly favor the first pullback being minor. Today (Monday, Nov 17), traders will watch whether the market continues to chop sideways within the tight trading range formed in the last 9 trading days. Or if the market breaks from either direction. Expect breakouts from trading ranges to fail 80-90% of the time. Andrew
MYX:FCPO1!
by Tech_Trader88
FCPO Week 47 2025: Transition to bullish?Price is in consolidation. It has 2 weeks to follow through on the double top but so far it held. This might indicate that it is in transition to possibly going higher and bearish is losing momentum. Two options next week: 1) Price close and stay above 4200 then we might see price going bullish towards 4300 and 4400. 2) Price close and stay below 4070 then price possibly continue lower towards 3900. Option 1 is most likely and have higher probability. Happy trading.
MYX:FCPO1!Long
by edramlan
14/11/25 Still Sideways Tight Trading Range Yesterday’s candlestick (Thursday, Nov 13) was a bull doji closing around the middle of its range. In our previous report, we said traders would watch whether the bears would attempt to create another leg down, or if the market would continue to consolidate sideways. The market retested the Nov 6 low, but there was no follow-through selling. The market reversed back into the sideways consolidation. The bulls hope the current decline will form a major higher low. If the market trades lower, they want the recent sideways consolidation to be the final flag of the move. They want a pullback to the 20-day EMA. The problem with the bull's case is that they haven't been able to create strong bull bars to show control. They must now produce strong consecutive bull bars, clearly breaking above the tight trading range with follow-through buying. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The selloff formed a tight bear channel, showing strong bears and persistent selling pressure. They see the current tight trading range as a pullback. They want a breakout below, followed by another strong leg down. If the market trades higher, the bears want it to stall around 4200 or the 20-day EMA, then resume its decline. Fundamentals • Production: SPPOMA down 2% in the first 10 days. • Refineries: Buying interest remains, though not paying premiums vs spot futures. • Exports: ITS is down 12.28% in the first 10 days. Overall, the market broke out from an 11-week trading range in a persistent, tight bear channel — evidence of strong selling momentum. The market remains Always-In-Short. The selloff, however, is slightly climactic and has a parabolic wedge shape. The market may need to form a minor pullback before resuming its decline. However, he bulls have not yet been able to create decent buying pressure. The bulls need to do more to show they are at least temporarily back in control by creating consecutive strong bull bars. Otherwise, traders will not be willing to buy aggressively. For now, odds still slightly favor the first pullback being minor. If the pullback continues to be sideways and the bulls fail to create strong bull bars, the odds of another leg down will increase in the days ahead. Today (Friday, Nov 14), traders will watch whether the bears get a strong bear bar, which will create a bear body on the weekly chart. If this is the case, the bearish case remains or increases. Or will the bulls be able to create a strong bull bar (which they have not yet been able to do so), which will create a bull body on the weekly candlestick instead? Andrew
MYX:FCPO1!
by Tech_Trader88
13/11/25 Still No Bounce, Will Bears Get Another Leg Down? Yesterday’s candlestick (Wednesday, Nov 12) was an inside bear bar closing in its lower half. In our previous report, we said traders would watch whether the bulls could produce more decent bull bars in the days ahead, or if the pullback phase continues to be sideways. The market continues to trade sideways as the bulls have not yet been able to create a decent pullback. The bulls hope the current decline will form a major higher low. They want a reversal from a parabolic wedge (Oct 23, Oct 29, and Nov 6). If the market trades lower, they want the recent sideways consolidation to be the final flag of the move. They want a pullback to the 20-day EMA. The problem with the bull's case is that they haven't been able to create strong bull bars to show control. They must now produce strong consecutive bull bars, clearly breaking above the bear trend line and closing above the 20-day EMA. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The selloff formed a tight bear channel, showing strong bears and persistent selling pressure. The first pullback will likely be minor, followed by at least a small sideways-to-down leg retesting the Nov 6 low. If the market trades higher, the bears want it to stall around 4200 or the 20-day EMA, followed by another leg down. Fundamentals • Production: SPPOMA down 2% in the first 10 days. • Refineries: Buying interest remains, though not paying premiums vs spot futures. • Exports: ITS is down 12.28% in the first 10 days. Overall, the market broke out from an 11-week trading range in a persistent, tight bear channel — evidence of strong selling momentum. The market remains Always-In-Short. The selloff, however, is slightly climactic and has a parabolic wedge shape. The market may need to form a minor pullback before resuming its decline. The bulls need to do more to show they are at least temporarily back in control by creating consecutive strong bull bars. Otherwise, traders will not be willing to buy aggressively. For now, odds still slightly favor the first pullback being minor. If the pullback continues to be sideways and the bulls fail to create strong bull bars, the odds of another leg down will increase. For today (Thursday, Nov 13), traders will watch whether the bears will attempt to create another leg down, or if the market will continue to consolidate sideways. Andrew
MYX:FCPO1!
by Tech_Trader88
12/11/25 Still Sideways Small Trading Range So Far Yesterday’s candlestick (Tuesday, Nov 11) was a bull bar closing in its lower half with a long tail above. In our previous report, we said traders would watch whether the bulls could produce more decent bull bars in the days ahead, or if the bears would extend their follow-through selling instead. The market traded higher in the morning but reversed to close off its high. The bulls hope the current decline will form a major higher low. They want a reversal from a parabolic wedge (Oct 23, Oct 29, and Nov 6). If the market trades lower, they want the recent sideways consolidation to be the final flag of the move. They want a pullback to the 20-day EMA. To show they’re regaining control, the bulls must now produce strong consecutive bull bars breaking clearly above the bear trend line and closing above the 20-day EMA. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The selloff formed a tight bear channel, showing strong bears and persistent selling pressure. The first pullback will likely be minor, followed by at least a small sideways-to-down leg retesting the Nov 6 low. If the market trades higher, the bears want it to stall around 4200 or around the 20-day EMA area, followed by another leg down. Fundamentals • Production: SPPOMA down 2% in the first 10 days. • Refineries: Buying interest remains, though not paying premiums vs spot futures. • Exports: ITS is down 12.28% in the first 10 days. Overall, the market broke out from an 11-week trading range in a persistent, tight bear channel — evidence of strong selling momentum. The market remains Always-In-Short. The selloff, however, is slightly climactic and has a parabolic wedge shape. The market may need to form a minor pullback before resuming its decline. The bulls need to do more to show they are at least temporarily back in control by creating consecutive strong bull bars. Otherwise, traders will not be willing to buy aggressively. For now, odds still slightly favor the first pullback being minor. If there is a stronger bounce, sellers may be waiting around the 20-day EMA area. For tomorrow (Wednesday, Nov 12), traders will watch whether the bulls can produce more decent bull bars in the days ahead, or if the pullback phase continues to be sideways. Andrew
MYX:FCPO1!
by Tech_Trader88
11/11/25 Can Bulls Create a Decent Pullback? Yesterday’s candlestick (Monday, Nov 10) was a doji bar with prominent tails that closed in its lower half. In our previous report, we said traders would watch whether the bulls could produce more decent bull bars in the days ahead, or if the bears would extend their follow-through selling instead. The market continued to trade in a sideways, tight consolidation. The bulls hope the current decline will form a major higher low. They want a reversal from a parabolic wedge (Oct 23, Oct 29, and Nov 6). If the market trades lower, they want the recent sideways consolidation to be the final flag of the move. They want a pullback to the 20-day EMA. To show they’re regaining control, the bulls must now produce strong consecutive bull bars breaking clearly above the bear trend line and closing above the 20-day EMA. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The selloff formed a tight bear channel, showing strong bears and persistent selling pressure. The first pullback will likely be minor, followed by at least a small sideways-to-down leg retesting the Nov 6 low. If the market trades higher, the bears want it to stall around 4200 or around the 20-day EMA area, followed by another leg down. Fundamentals • Production: SPPOMA up 5% in the first 5 days. • Refineries: Buying interest remains, though not paying premiums vs spot futures. • Exports: ITS is down 12.28% in the first 10 days. Overall, the market broke out from an 11-week trading range in a persistent, tight bear channel — evidence of strong selling momentum. The market remains Always-In-Short. The selloff, however, is slightly climactic and has a parabolic wedge shape. The market may need to form a minor pullback before resuming its decline. The bulls need to do more to show they are at least temporarily back in control by creating consecutive strong bull bars. Otherwise, traders will not be willing to buy aggressively. For now, odds still slightly favor the first pullback being minor. If there is a stronger bounce, sellers may be waiting around the 20-day EMA area. For tomorrow (Tuesday, Nov 11), traders will watch whether the bulls can produce more decent bull bars in the days ahead, or if the pullback phase continues to be sideways. Andrew
MYX:FCPO1!
by Tech_Trader88
10/11/25 MPOB Data - Sideways Consolidation After Strong Selloff Friday’s candlestick (Nov 7) was a bear bar closing in its lower half with a small tail below. In our previous report, we said traders would watch whether the bulls could produce more decent bull bars in the days ahead, or if the bears would extend their follow-through selling instead. The market traded down and closed the week near its low, increasing the odds of the market trading at least a little lower next week. The bulls hope the current decline will form a major higher low. They want a reversal from a parabolic wedge (Oct 23, Oct 29, and Nov 6). If the market trades lower, they want the recent sideways consolidation to be the final flag of the move. They also want a pullback to the 20-day EMA. To show they’re regaining control, the bulls must now produce strong consecutive bull bars breaking clearly above the bear microchannel and closing above the 20-day EMA. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The selloff formed a tight bear channel, showing strong bears and persistent selling pressure. The first pullback will likely be minor, followed by at least a small sideways-to-down leg retesting the Nov 6 low. Fundamentals • Production: SPPOMA up 5% in the first 5 days. • Refineries: Buying interest remains, though not paying premiums vs spot futures. • Exports: ITS down 15.38% in the first 5 days. Overall, the market broke out from an 11-week trading range in a persistent tight bear channel — evidence of strong selling momentum. The market remains Always-In-Short. The selloff, however, is slightly climactic and has a parabolic wedge shape. The market may have to form a minor pullback before resuming lower. The bulls need to do more to show they are at least temporarily back in control. Otherwise, traders will not be willing to buy aggressively. For now, odds still slightly favor the first pullback being minor. If there is a stronger bounce, sellers may be waiting around the 20-day EMA area. For tomorrow (Monday, Nov 10), traders will watch whether the bulls can produce more decent bull bars in the days ahead, or if the bears will extend their follow-through selling instead.
MYX:FCPO1!
by Tech_Trader88
FCPO CLEAR SIDEWAY ( CONSOLIDATION) TRADING PLANMain Trend: Bearish Short Term Trend : Sideway Trading Plan: 10/11/25 • Short – o (Trend Continuation) If price breakdown below Support Rectangle. TP1=4081 TP2=4067 TP3= 4053 SL=4106 o If price gap up but fail to break above Resistance Rectangle. TP1= 4134 TP2=4120 SL=4161 • Long – o If price break trendline. TP1=4120 TP2=4148 SL=4092 o If price gap up above Resistance Rectangle. TP1=4187 TP2=4213 SL=4140 Bias: Favours overall downtrend Confirm breakout with volume + RSI direction. Bullish Divergence with RSi Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market.
MYX:FCPO1!
by MarketOutline