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USD Malaysian Crude Palm Oil Calendar FuturesUSD Malaysian Crude Palm Oil Calendar FuturesUSD Malaysian Crude Palm Oil Calendar Futures

USD Malaysian Crude Palm Oil Calendar Futures

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CPO1! trade ideas

Commodities Jubilation and TrialsDeep commodity cycles analysis comparing the performance of crude oil and palm oil. In the last 17 years, there were periods where increase in fuel commodities drives future output prices of palm oil(although there could be other macro factors not discussed here). Current palm oil prices rally performance is the most stellar with over 270% increase in price from market bottom. Should a fall happen,due to external catalyst (like the last global financial crisis), the correction could be greater than 60% as the base level corrections typically happens circa 25-35%.
MYX:FCPO1!
by NRizalman
Will CPO Retest 6800?Technical View: Market closed higher after reversed earlier session gains and formed bearish pin bar which indicates strong selling force in the market However, Stochastic K% line shows market trend uncertain with K% moving at 55 and 47 level in daily and weekly charts respectively. We expect market likely to move lower with immediate resistance level at 6500. Suggestion Trade: Short if stay below 6200 Target Stop Loss (resistance level) 6399 Target Profit level (support level) TP1 6001 TP2 5603 Long if stay above 6615 Target Stop Loss (support level) 6416 Target Profit level (resistance level) TP1 6814 TP2 7212 * DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK *
MYX:FCPO1!
by happytrading96
Double Top Projection on FCPOA double top is a reversal pattern that is formed after there is an extended move up. The “tops” are peaks that are formed when the price hits a certain level that can’t be broken. After hitting this level, the price will bounce off it slightly, but then return back to test the level again. Entry order & position to take With the double top, we would place our entry order below the neckline because we are anticipating a reversal of the uptrend. As we are anticipating the price to be going down, we'll take short position (sell high now, buy low later) Target Profit The drop is usually approximately the same height as the double top formation which is shown by the red arrow allowing us to maximize profits from this trade by setting up our target profits. Protective Stop Loss As a protective measure towards the unfavorable price movement, we could set stop order above the peaks of the double top.
MYX:FCPO1!Short
by SirPoji
Downtrend Continue in CPO? 6100-5500Technical View: 1.Market extended losses after tighter range with doji formed 2.Stochastic K% line having mixed signal as weekly chart showed K% line crossing down indicates sell signal, while daily chart crossing up at oversold level which indicates buy signal. We expect market will bounce before continue its downtrend with immediate support level at 5900. Suggestion Trade: Short if stay below 5900 Target Stop Loss (resistance level) 6100 Target Profit level (support level) TP1 5700 TP2 5300 Long if stay above 6350 Target Stop Loss (support level) 6150 Target Profit level (resistance level) TP1 6550 TP2 6950 Happy Trading!! Cheers. ** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
MYX:FCPO1!Short
by happytrading96
The great 2022 rotation Tech/Crypto -> Agriculture.The market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of them top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023. With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4. #LONG #TRADEOF2022
CME:CPO1!Long
by TheBitcoinGeneration
Head & Shoulder in CPO? 6400-5800Technical View: 1.Market closed slightly lower after tighter range 2.Stochastic K% line having mixed signal as weekly chart showed K% line crossing down indicates sell signal, while daily chart crossing up which indicates buy signal. We expect market will bounce before continue its downtrend with immediate support level at 6050. Suggestion Trade: Short if stay below 6000 Target Stop Loss (resistance level) 6182 Target Profit level (support level) TP1 5818 TP2 5453 Long if stay above 6400 Target Stop Loss (support level) 6218 Target Profit level (resistance level) TP1 6582 TP2 6947 ** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
MYX:FCPO2!Short
by happytrading96
FCPO TRADING : 323) uptrend but 9th May22 news !this is haidojo and the number is 323 ... In the whole April, thr were another 2 Double-Tops (DT) on 27th Apr22 and 29th Apr22, hitting as high as 7132 and 7229! Now, the price could be a "churning process" before leaping onto a higher ground. Of course, this could be wrong bcox we have the "9th May" curse. This so-called curse actually comes from the war-infested region in the North and any news frm thr. Whether the war would escalate or stop. SO it is a "dead" or "alive" situation. The safest way to play this is wait for the "doomsday" to over and watch the technical analyst to tell u what to do after that. Following the trend is still the safest route so watch out for "long on the dip" with support near 6400 and 6310. This is not a recommendation for buy or sell but it is what I am watching out for my own trading plan. I actually hold buying already and this is not a signal channel and I am not giving signal trading service. SO dun treat this like one. Careful with the news which could damage ur trades. That's all for the update today. *plan your trade and trade your plan... gud luck* resistance : 6650-7080 (6310 possible reversal point) lower support : 5380 (daily critical support) support : 6310-6400 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… TRADE AT YOUR OWN RISK!
MYX:FCPO1!
by HAIDOJO_trading
CPO time to Test 5800?Technical View: 1. Long Black Bar formed last week, which indicates reversal signs from current uptrend 2.Stochastic K% line crossed down in both daily and weekly chart, as well as divergence signals in both which indicates reversal signal We expect market will continued facing selling force amid expectation of improving in global palm oil supply. Suggestion Trade: Short if stay below 6335 Target Stop Loss (resistance level) 6554 Target Profit level (support level) TP1 6116 TP2 5679 Long if stay above 6900 Target Stop Loss (support level) 6681 Target Profit level (resistance level) TP1 7119 TP2 7556 ** Disclaimer: Trading Carries Risk **
MYX:FCPO1!Short
by happytrading96
CPO Consolidate 6500-7100Technical View: 1. Bullish bar formed last week, which indicates strong uptrend signal 2. Stochastic K% line crossed up in both daily and weekly chart which indicates uptrend signal Upon shortened trading week, we expect market profit taking to be continued. Market likely to be quiet and consolidate within range of 6500-7100 Suggestion Trade: Long if stay above 7100 Target Stop Loss ( support level ) 6886 Target Profit level ( resistance level ) TP1 7314 TP2 7743 Short if stay below 6400 Target Stop Loss ( resistance level ) 6614 Target Profit level ( support level ) TP1 6186 TP2 5757 Disclaimer: Trading Carries Risks. Happy Trading!! Cheers. ** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
MYX:FCPO1!
by happytrading96
Reversal or Uptrend for CPO? Technical View: 1. Doji or inside bar formed after long white bar last week, which indicates market forces remained uncertain and likely to have reversal 2.Stochastic showed mixed signals. As K line crossing up fr0m the level of 51 in weekly chart which indicates uptrend signal. While in daily chart showed K line crossed down from the overbought level which indicate sell signal. Thus, we expect selling force with immediate resistance level at 6550, before it able to sustain for uptrend. Suggestion Trade: Short if stay below 6150 Target Stop Loss (resistance level) 6344 Target Profit level (support level) TP1 5956 TP2 5568 Long if stay above 6625 Target Stop Loss (support level) 6431 Target Profit level (resistance level) TP1 6819 TP2 7207 Disclaimer: Trading Carries Risks. Happy Trading!! Cheers.
MYX:FCPO1!Long
by happytrading96
Will CPO Back to 7000?Last week market extended gains as expected and closed higher at 6468. Congratulations if you have refer to our trading plan to Long above 6030 and took profit at 6232. Let’s have a look on the factors that impact on palm oil prices last week. 1. India’s palm oil purchases are expected to increase for a 3rd month as traders and importers are preferring the tropical commodity over expensive soybean and sunflower oils 2. sign of peace talks are diminishing after Russian President made his first public comments that Ukraine had hit a dead end on negotiation. It would also mean that the war will continue to grind on. 3. Besides, Adverse weather in U.S. plains states raise new round of supply fear offset weak demand from China due to surge in Covid-19 case 4. Supply losses in sunflower oil has led to demand surge on other edible demand ahead of Muslim’s festive next month. 5. Soybean oil extended gains as Argentina truckers agreed to call off a strike that paralysed soy and grains transport in the country since Monday. Truckers and official agreed to have a virtual meeting in order to reach agreement to end protest by truck owners demanding higher freight rates. 6. Strong crude oil prices after position covered and news that the European Union might phase in a ban on Russian oil imports. This make palm more attractive option for biodiesel feedstock. Technical View: 1. Long White bar formed indicates bullish signal in the market. 2.Stochastic showed mixed signals. As K line crossing up in weekly which indicates uptrend signal. While K line reached overbought level at 91.48, which indicate market likely to face selldown We expect market may face selling force with immediate resistance level at 6700, before it resume its uptrend. Suggestion Trade: Long if stay above 6485 Target Stop Loss (support level) 6280 Target Profit level (resistance level) TP1 6690 TP2 7100 Short if stay below 5900 Target Stop Loss (resistance level) 6105 Target Profit level (support level) TP1 5695 TP2 5285 *Disclaimer: Trading Carries Risks*
MYX:FCPO1!
by happytrading96
Will CPO Resume Uptrend after 6100?Technical View: 1. Again Inside bar formed at support level of 5500 which indicates reversal signal, that market likely to resume uptrend. 2.Stochastic showed K line moving slightly below middle level of 50 in both daily and weekly chart which indicates market may move in sideway or ranging. We expect market may in range to higher if market able to break and stay above 6100 level. Suggestion Trade: Long if stay above 6030 Target Stop Loss (support level) 5828 Target Profit level (resistance level) TP1 6232 TP2 6636 Short if stay below 5525 Target Stop Loss (resistance level) 5727 Target Profit level (support level) TP1 5323 TP2 4919 Disclaimer: Trading Carries Risks. Happy Trading!! Cheers.
MYX:FCPO1!Long
by happytrading96