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Crude Palm Oil Futures
Updated

FCPO Spread FCPOK-FCPON2024 attempt to breakout

491
FCPO SPREAD Contract May2024 vs July2024 is attempting breakout from previous swing high 141

Spread Bullish MA Lineup -> Trending Up
Breaks and close above Turtle Resistant 138 -> Bullish
Upward Momentum -> Bullish

Support
  • 124


Next target levels
  • 165
  • 179
  • 203

Note
Breakout and hit 165 target

next target 179

snapshot
Trade active
Comparing May-July 2023 spread vs 2024 Spread

snapshot

2023 Spread starting to breakout early MAR 2023 and move towards 700 points peak end of May 2023 before sharp decline..

Will 2024 Follow same pattern ?
Trade active
snapshot

2024 May/July Fcpo Spread bounce from 140 level which is now become Resistant turned Support.. The trend is similar to 2022/2023 Trend.. Monitor until first week of april before raya
kgiap123
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)

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fcpospreadMoving Averages

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fcpospreadMoving Averages
kgiap123
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)

tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.