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USD Malaysian Crude Palm Oil Calendar Futures

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CPO1! trade ideas

Bullish breakoutFCPO has significantly made a bullish breakout from a symmetrical triangle, while Golden cross and uptrend line still intact. Our view is bullish, price may rally up to next Fibonacci resistance at 3344. Short term exit 2855 on 60 minutes timeframe and we would change our view if the price close below 2680. Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
MYX:FCPO1!Long
by ellynacci
3
FCPO TRADING : 212) long on retracementthis is haidojo and the number is 212 ... price doesn't hit back on the expected 3130- 3100 but hovering around 3160 and rebound... so, now change of plan...wait for fcpo-jan to either : 1) fall on our favor of 3130-3100 strong support...then LONG 2) wait for a breakout of 3160-3163 and trade a breakout trade...then LONG plan your trade and trade your plan... gud luck resistance : 3350 - 3414 immediate resistance : 3200-3260 strong support : 3100-3120 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
MYX:FCPO1!Long
by HAIDOJO_trading
Live FCPO Trade - 9 Nov'20- Market opened gap down and close on upbar with VSI. - Noticed that in the morning session, price is hovering just below the upper Downtrend line before closing. - Price did try to go up before move up but end up closing on the low with low volume; subsequent bars hold above the low of the opening bar (Evening session). - Price broke this line with high volume; subsequent bars it tried to climb back up but closing with a topping tail formation. At this bar, I set my EP at 1 bar below the low of the opening bar (3180) and another EP at 1 point below the low of the SO bar (3174). - Subsequently, both EP triggered and hit TP at 3166. Noticed that price at this bar touching the lower Downtrend line.
MYX:FCPOF2021
by mdalifalwi
FCPO TRADING : 211) long on retracementthis is haidojo and the number is 211 ... As I quote earlier, "there might be resistance near 3300", which is seen today as near 3230-3260...that is the new resistance... 3200 doesn't act as support level but 3100-3130 is a gud, strong support...see if this level holds...lower support is seen at 3020... fcpo-jan will end in one week or more...so still long on retracement...beware of the 10th of every month... plan your trade and trade your plan...gud luck resistance : 3350 - 3414 immediate resistance : 3200-3260 strong support : 3100-3120 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
MYX:FCPO1!Long
by HAIDOJO_trading
FCPO TRADING : 208) uptrend persiststhis is haidojo and the number is 208 ... the price has moved past the stubborn resistance ranging frm 3030-3130 and testing 3200...! this is a new high ever since Dec 2016! now officially we are in high-fly lane and the price possibly challenge the next level pretty soon...the next level of resistance is ranging frm 3350 -3414...there might be some resistance near 3300 but the boundary is unclear as this price onli happened prior to 2012! so long on retracement is the best strategy now...gud luck and gud trading... resistance : 3350 - 3414 immediate resistance : 3200 strong support : 3070-3130 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
MYX:FCPO1!Long
by HAIDOJO_trading
FCPO - Droste effectThe price of FCPO may having some adjustment after it climbed above 3000 from 2764. Once again, the price entered multi years supply zone which has been tested 4 times since late Dec 2016. Diving into smaller picture, the price is developing a potential bearish pattern. The construction of the pattern which developed another bearish harmonic pattern in H1 time frame. A potential reversal pattern before completing a bigger pattern. A potential trade opportunity if the price action tested & rejects from area of 3133 & fall back into the potential entry zone (small blue box) with a potential target price of 2970 & 2891. Signing out.
MYX:FCPO1!Short
by FXCruZaDer82
Week 45: FCPOX 2020 - Gap Filled, Time To ShortWeek 45: 02 to 06 November 2020 FCPOX 2020 analysis The price had been rejected two days in a row and not able to go beyond RM3,300. Weekend gap had been filled and if there is no continuation in the momentum, there is no reason for the price to go higher. This is a good opportunity to Short the market with a lucrative RRR. Here is my personal trade: Sell Now at market or at RM3,253 Stop Loss at RM3,300 Take Profit at RM3,062 Risk Rewards Ratio = 4.11R Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee. As always, move your SL when you are in the profit zone.
MYX:FCPOX2020Short
by machintose
1
FCPO TRADING : 207) possible formation of Double-topthis is haidojo and the number is 207 ... a possible double-top formation ...fcpo-jan has gone into the selling region of 3070-3130... another thing to watch out is...a possible formation of rounding top...this is supported by earlier price movement such as when one of the critical supports 2980 was already broken...let's see if price could fall back to 2900... if the price moves higher than 3130, then is it confirmed that uptrend persists... higher resistance : 3200 strong resistance : 3070-3130 (abv this level is fastlane; crazy bull) immediate support : 3020 lower support : 2900 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
MYX:FCPO1!Short
by HAIDOJO_trading
FCPO TRADING : 205) 3030 -3130 stubborn resistance? Head? this is haidojo and the number is 205 ... fcpo-jan still in uptrend...no confirmation of reversal of trend until important support is broken... price might retrace back to 2980 and even the critical 2900... and we need to watch if the support holds...uptrend persists if 3130 stubborn resistance is finally broken... higher resistance : 3200 strong resistance : 3100-3130 (abv this level is fastlane; crazy bull) immediate support : 3020 lower support : 2900 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
MYX:FCPO1!Short
by HAIDOJO_trading
FCPO - Continuing the journey upwards~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 CPO price discount against other oil supportive of demand 5- CPO usage for biodiesel purpose could decline due to INSUFFICIENT from the government (Indonesia) or export levy in 2021 However, it is still unclear if China will continue building stocks of edible oils, or if fund involvement in the commodities market will prevail . . . Till Then, Happy Trading & TAYOR Stay safe everyone.. Together we flatten the curve If you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight.
MYX:FCPO1!Long
by AbangManuK
1