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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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FCPO 23 Feb 2023 : Reaccumulate or Distribution?Yesterday : 1. As expected, price test nearest resistance before going down to test EMA50 30min. 2. Night session price back up again and we notice the volume is diminishing. 3. Notice BCX and AR before ST forming last night's session. 4. Trading in range before UT/UTAD or Spring appears. 5min : 1. MS : sideway structure 2. EMA : EMA12 above EMA50 = uptrend 3. Price above EMA50 = uptrend 4. MACD : Bearish divergence = Good tools to trade in the range.
MYX:FCPO1!
by ArifHasbollah
1
FCPO 22 Feb 2023 : Gap up and UT?1. Yesterday price failed multiple times to break 236 fibo level. However price to able to reach down to 786 fibo level. Buyer and seller are still strong. We can expect price sideway. 2. 15min TF, price already breach EMA50. 30min TF, price still not test EMA50. We expect the price will test it sooner. 3. Channel uptrend is still holding up. Mid channel tested but not cross to the lower track. 4. Market structure: Yesterday's price played in the range. The uptrend is still valid unless the price breakdown and sustains below 4100. 5min : 1. MS : Sideway 2. EMA : Last night EMA12 crosses up EMA50 3. Price to EMA : Not respect either one of EMA = Sideway What is trading plan today? 1. Gap up, price sustain above trading range = BUY 2. Gap up, price backdown into the trading range = SELL trading range
MYX:FCPO1!
by ArifHasbollah
FCPO TRADING : 336) sideway for too darn long...this is haidojo and the number is 336... sorry folks! I am truly very sorry! After a long 3 months, I have returned... The main reason for my absentee for the past few months is fcpo has been trading sideway and it has been absolutely NOTHING much to discuss... fcpo is killing me with sudden ups, sudden down, when the trend is supposingly confirmed, then suddenly the tide has changed and it moved the opposite direction and killed all my trades! All this is driving me crazy....so I come with the idea to take the game to the next level by trying to trade "outsider" such as e-micro gold futures (MGC )and micro e-mini dow jones (MYM) and not focusing so much resources on double fcpo and fkli... Back to business, the technical part, about the price-action. As we can see frm the chart, now we are at the crossroad, 4136...some resistance level, the blue line...and price might fall back to support level at 4000...look for some slowing down and reverse...if it hits the ceiling at 4255, the next resistance level, then we should be looking for some slowing down and reverse...that's all for tdy **plan your trade and trade your plan... gud luck** resistance : 4255-4300 overhead resistance : 4130-4170, happening now support : 3970- 4000 lower support : 3730-3830 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…this is not a signal service channel and DON'T TREAT IT LIKE ONE! TRADE AT YOUR OWN RISK!
MYX:FCPO1!
by HAIDOJO_trading
FCPO 17 Feb 2023 : Continue uptrend or consolidate?Yesterday : 1. SnR : Price sustain above the RbS level. 2. Channel : Price respect uptrend channel 3. MS : Price make uptrend structure Planning for Today? 1. SnR : Price may test nearest supply level around 4100~4120 2. Market Structure: For now BUY MS is still intact. Monitor if the price breach MS. 3. EMA: Price still not tested EMA50. Today's price may be consolidated to test EMA50 4. MACD : We see a possible bearish divergence. But it can be retracement only unless the price breakdown buy MS.
MYX:FCPO1!
by ArifHasbollah
FCPO 16 Feb 2023 : High Demand?Yesterday : 1. Price able to break down uptrend channel. However, the support area is still holding up. 2. Maybe the price did reaccumulate again before the gap-up today. Today : 1. Price gap up due to high demand following SBO demand. 2. Price so far sustain above the supply zone. 3. Price still not yet at the immediate resistance level. If breaks above, possible to reach the next resistance level around 4100. 5min : 1. SnR: Price break previous resistance level and sustain above it 2. Market structure: The morning session price is able to make an uptrend structure. 3. EMA12 is above EMA50 : Uptrend 4. Price respect EMA12: Uptrend. This is an entry opportunity today. If price breakdown MS, the possible larger pullback to close gap. Monitor if price able to break EMA50
MYX:FCPO1!Long
by ArifHasbollah
FCPO 14 Feb 2023 : Price breach downtrend channel?1. Channel/Trendline: Yesterday price retest and reject mid-channel before going up to test the upper channel. This indicates strong buyers in the market because not allow prices to go lower channel. 2. SnR: Price plays in the support zone area and is still not decided yet on the direction. 3. Fibo: Price rejects 236 fibo level indicates sideway market still in play. The price might go lower to the 786 level if not able to breach and sustain above the 236 level. 4. MACD: There is no interesting divergence yet. We only see green divergence indicating uptrend movement in play.
MYX:FCPOJ2023
by ArifHasbollah
FCPO 10 Feb 2023 : Bearish divergence in progress?1. SnR: Price not able to sustain above resistance zone 3994. This indicates a strong seller 2. Channel/Trendline: Price break up trendline - Indicate sideway/change direction. 3. Oscillator: MACD from yesterday shows a bearish divergence Expectation : 1. Price will continue bearish momentum until at least close the previous gap. Trading plan as usual : 1. In Early morning, monitor the nearest possible SnR 2. Monitor EMA12 1min TF for entry
MYX:FCPOJ2023Short
by ArifHasbollah
FCPO 9 Feb 2023 : Bearish Divergence?30min TF : 1. Price break resistance and test supply zone and push back below the resistance. 2. Price break uptrend channel. Indicate SW for 30min or change the trend. 3. MACD shows bearish divergence. If the price goes for bearish divergence, possible to close the gap and target to be around 3860. 5min TF : 1. Price crosses EMA50 : Sideway/Change trend 2. EMA12 crosses below EMA50 : Downtrend. Expect price sideway before continue direction.
MYX:FCPOJ2023Short
by ArifHasbollah