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CPO

Oct12 - FCPO (Daily) - Likely Retest 304x-8x R-zone...🐮Did a video update, following up on previous CPO idea posted, check it out on my other social media accounts. Meanwhile, we have turned Bullish since S@2700 holding last week. Immediate R: 287x-9x taken, now turned support. As long as price stays above both UTLs, we are likely to retest prev HH near R2: 304x-8x area. Meanwhile, if we continue to stay above the weekly major level 2.8-3.1k, my new bull cycle call may be in progress ;) Check out the Elliott Wave count post from Sept20, below. 👇🏻 Happy Hunting! 🥂🚀 -jk-
MYX:FCPO1!Long
by jeanne_k
Week 39: Opportunistic Short on FCPOX 2020Week 39: 21 to 25 September 2020 FCPOX 2020 analysis Despite the bullish momentum is very strong, personally we can short FCPOX2020 with a very good Risk Reward Ratio. We only need to risk RM24 to get RM336, that is 14R. Again, this is a risky move as we are trading against the trend, but, this is a worth trying. Here is my personal trade: Sell at market now RM3,111 Stop Loss at RM3,135 Take Profit 1 at RM3,000 Take Profit 2 at RM2,900 Risk Rewards Ratio = 14R 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
Sept20 - CPO (1M) - New Bull Cycle if Stays Above R@2.8-3.1kI just did a long-term analysis on Bitcoin, which yielded a similar outcome -- long term Bull Cycle. Fundamentally, I'm suspecting this is a signal for what's likely to come next -> High-Inflation or Hyper-inflationary era due to overprinting of USD (global reserve currency), which is typically marked by inflated food/soft commodity prices , & a capital flight to alternative store of value . Back to CPO, we've been in the WXY (Elliott pattern) or triangle consolidation phase for over 10yrs, since 2009 sub-prime plunge. Post-COVID bounce does seem to be taking an impulse 5-wave form so far, suggesting a potential wave1 of new Bull trend, for as long as price stays above 2800-3100+ R-zone. Successful standing above Major R1: ~2.8-3.1k, on the next test, will mark the end of long term consolidation. Happy Hunting! 🥂🚀 -jk-
MYX:FCPO1!Long
by jeanne_k
just swing before long and depressing downtrend... FCPO1! Disclaimers mode on This report was prepared by prank guessing and joke intended. Information and opinions contained herein have been compiled in bad faith and from sources believed to be unreliable, but such information has not been independently verified and me make no guarantee, representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information and opinions contained herein. The intended recipients of this report are outlandish and funny gambler who have no substantial knowledge of the global exchange business environment, its common practices, laws and values principles and no person whose receipt or use of this opinion would violate any laws or regulations. This report is for joke and funny prank information purposes only and it is not and shall not be construed as an offer or a solicitation of an offer to effect transactions in any securities or other financial instruments. The opinion does not constitute investment advice to any person and such insane person shall be treated as a victim of joke. This opinion does not take into account the particular investment objectives, financial situations, or needs of individual person. The opinion is not to be relied upon in substitution for the exercise of independent judgment. Opinions contained herein are as of the date hereof and are subject to change without notice. The price and value of the gambling referred to in this opinion and the income from them may depreciate or appreciate, and may incur losses on betting. Past performance is not a guide to future performance. Future returns are not guaranteed, and a loss of original stake may occur. Thread starter do not accept any liability for any loss arising out of the use hereof. Thread starter may have issued other reports that are inconsistent with, and reach different conclusions from, the opinions presented in this opinion. The opinon may reflect different assumptions, views and analytical methods of the gambler who prepared the betting.
MYX:FCPO1!
by nerdz_artemic
Sept09 - FCPO (1D) - Mild Bullish Above August Sideways Box...August sideways box, ranging roughly btw 2600-2800 zone has been broken, and recent test shows price chosen to stand above it aka bullish. Immediate resistance is near, R1 @ ~289x-291x ; while new support is formed, S1 @ ~278x-280x . Sideways-Up situation for me... Staying above immediate UTL, L1, may send price higher above >2900 Else, we may be in another consolidation range, trading within S1-R1 range. My latest mobile updates available on TeL egr am ;) Happy Hunting! 🚀🚀 -JK- MyTradingSpace
MYX:FCPO1!Long
by jeanne_k
Week 37: FCPOX 2020 is worth a waitWeek 37: 07 to 11 September 2020 FCPOX 2020 analysis Last week the price broke the resistance level, however it was not a clean break. It means, it was not really a sign to be bullish yet. We are anticipating two possibilities: The key to observe is RM 2,740 - 2,750, we will see the behaviour of Price Action in this area. (1) If the price bounce at RM 2,745 area, then it is a good sign to look for a BUY. (2) If the price is back inside the previous consolidation zone, we can be sure that the past 2-3 days are just a False Breakout. We will sell the whole-nine-yard when it happens. That's why I recommend if we just sit tight and watch first, for now (Monday), no clear direction. 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:FCPOX2020
by machintose
Aug03 - CPO (Monthly) - Long-term Wave Count, Elliott WXYDecided to check on the long-term big picture, following CPO recent strong up-move towards 2800 area (again!). ---- marked: grey zone 2600-2800 zone is kinda midpoint to the decade-long correctional pattern following '08'09 subprime crash. A fib plot of the sharp plunge, shows each levels coincides well with CPO major support & resistance zone. As of now, its clearly a horizontal correction on monthly/weekly charts, potential Elliott Double-Three, WXY wave pattern. I've produced 2 possible counts, as we are nearing completion/already complete WXY. Main Count (orange): currently "Y" wave within WXY Correction, wave 'd' within Elliott Triangle -abcde- Alternate Count (blue): completion of Elliott Triangle -abcde- & WXY Correction in May2020; current bounce = potential Impulse Wave (1) Leaning towards main count, which suggest yet another test on the infamous 19xx-2000 MAJOR support area, before we finally bounce into a new CPO Bull Cycle, by late'2020 or early'2021. 📈📈 Fundamentally, we can relate this long-term bullishness to the dwindling global food supply as agricultural lands rapidly disappear, -- either gave way to housing/infrastructure, due to pollution, or desertation due to climate change. 🙈🙉🙊 I shall update this count by end-Q3, 2020 -- we shall then see whether we are indeed in a new CPO bull cycle. 🐮🐮 Meanwhile, I'll keep to sideways operation mode :p Happy Hunting! 🚀🚀 -JK- MyTradingSpace
MYX:FCPO1!
by jeanne_k
Week 31: FCPOX 2020 Preparation to ShortWeek 31 (27 July - 30 July 2020) Code: FCPOX 2020 As at today, the price is still within the trend channel, ranging in the middle of the zone. There is no a confirmation to take any actions yet, personally I am quite bearish bias and we should wait for a price confirmation to sell. For an aggressive trader: If today/tomorrow price is closed below 2640, then we can start selling. As for a confirmation trader, we can wait for a Pull Back sign: (1) wait for the trend channel is broken (2) wait for the pull back at 2666 area (3) then you can execute Sell Order How about LONG/BUY? unless the price can beat the current bearish momentum and broke out of the channel at 2700 and above, we are aiming the price to go as high as 2800 area. However, your Risk and Reward ratio is not favourable; hence I am still leaning toward Bearish Bias at the right setup and price confirmation. My Call for this week : (provided the above conditions are met) Sell Limit at 2666 Stop Loss at 2700 Take Profit at 2520 Optimal TP at 2450 Risk and Reward ratio: 1 to 4.3 Always secure your profit by moving your Stop Loss at Entry Point after the price is moving towards your profit zone. Good Luck.
MYX:FCPOX2020Short
by machintose
FCPOX2020 Bullish exhaustionWeek 30 (20th to 24th July 2020) Futures code: FCPOX 2020 This is my first post analysing CPO Futures and I will try to make it a weekly post. Historically 2650 is a good Resistance level to watch and in the past 3 days CPO prices were failed to breached through. RSI Stoch also is starting to bend down, along with a slowing down in Bullish momentum. If you are an aggressive trader, you can start Shorting FCPOX 2020 at 2650 (Sell Limit), alternatively if you are a confirmation trader, you can wait whether today's price will be closed as a bearish candle. This week trade call : Entry at 2650 (either at market or Sell Limit) Stop Loss at 2690 Take Profit at 2505 Optimal Take Profit at 2450 RR ratio, at least 1:3 Always secure your profit by moving your Stop Loss at Entry Point after the price is moving towards your profit zone. Good Luck.
MYX:FCPOX2020Short
by machintose
an early morning joke about slump price of CPO ... #LOLdisclaimer mode : on basic argument : just wild guessing with baseless conclusion story build & narrative : - just late phase of downturn on CPO price panic mode in the new normal condition after pandemic scenario (wild guess) - replanting old and mature tree which economic age already reached (old data & facts) - moratorium on palm oil plantation planted area by government of Indonesia (old legislation) - to achieve great demand for biofuel FAME need more slumped CPO price more than crude oil (author hope)
MYX:FCPO1!Short
by nerdz_artemic