FCPO1!
FCPO: Hourly EW Count - Jun 28th 2019Weekly demand zone between 1863 - 1953 is being tested yet again. A small overshoot of wave 5 (circle) below 1940 is expected rather than a truncation with dashed line governing the extreme. Any strong movement below dashed line or 1900 price level will require a recount.
#contengconteng #fcpo #crudepalmoil
FCPO. HIGHERKey level = 2139
Critical level = 2095
Expectation: Still with the idea of wave (3) of ((3)) in play, downward movement today we see as a corrective pullback marked as wave 2. Looking at a lower timeframe, we label the sub structure as a motive wave with an extended wave 5. Key level 2139 must hold for this wave analysis.
Reality: Let the market decide.
Hanya Allah yang memberi.
Happy trading.
FCPO JUNJangkaan FCPO Jun - Isnin
Bullish candle terbentuk pada paras 0.618 dan disokong oleh MA200 menunjukkan minat belian yang tinggi.
Paras sokongan 2160/2150
Paras rintangan 2182/2202
Penafian: Ini adalah perkongsian idea dagangan. Tiada saranan panggilan beli atau jual. Selamat berdagang.
FCPO. WAVE 2 RETRACEMENT.Key level = 2095
Price already reach target retracement area 50-61.8%.
In my own personal opinion, there is still some room left for wave (2) retracement. Waiting for a clear evidence before too see if wave (2) have bottomed.
Key level must hold for this wave idea.
Let's see what the market will offer us.
Happy Trading
Want What The Market Want.
FCPO WAVE 2 CORRECTION PROGRESSKey Level = 1940
From our previous analysis:
“Expecting a 3-structure movement in corrective fashion to complete correction wave (ii)
from my personal opinion, I would like to see the end of wave (ii) at the area of 2093 – 2026”
Wave (ii) unfold into zig-zag pattern and we can see a clear 5-structure movement for wave C toward our target area.
With the idea of diagonal triangle wave (5) to end wave C and (ii), there are still left some room for throw-over below 2100 area. Expecting a sharp movement toward 2217 if everything goes according to plan.
Our key level is set at 1940, which is the starting point of wave 1 and as per Elliott rules “Wave 2 never retrace more than 100% of wave 1”. This wave analysis remains valid as long as our key level hold.
Let’s see what the market will offer us this week.
Happy Trading.
FCPO Sell On Rallythe trend are bearish.
wait for the retracement and make the entry in the box or wait for more price confirmation in smaller tf.
Mange risk well.
Bacaan Jangka Masa Panjang FCPO 2019Analisa ini dibuat sekadar ramalan berdasarkan "Wave Analysis" & "Trend Analysis" , Sepanjang perjalanan 2018 harga menunjukkan penurunan. Pada tahun 2019, setelah hampir penhujung Januari harga telah mula meningkat, dijangkan pasaran akan terus meningkat sehingga Suku tahun pertama serta penurunan harga dalam tempoh yang singkat. Moga bacaan ramalan ini dapat membantu serba sedikit sebelum melaksanakan urusan jual/beli inshaAllah
#FCPO
FCPO 2019 Outlook - Sideways-Up Situation for 2019Hi Guys, as usual, start the year with annual outlook on FKLI & FCPO.
First try on video commenting, microphone volume was abit too low, just turn up your volume will do ;)
Hope you like it!
Happy Hunting & Happy 2019!
-jk-
FCPO: Hourly EW Count - Dec 12th 2018Recent bullish momentum was short lived after FCPO failed to break the 2055 - 2060 zone. As of now, FCPO seems to trade within a contracting triangle. Our primary projection of an expanded triangle looks bleak, but valid nonetheless. With no fundamental element to entice market to climb higher, the last bullish leg (wave c of (e)) of the expanding triangle is likely to develop under the pretext of contract roll over. It holds true, if and only if, FCPO is traded until the end of this week within the range, bound by the upper and lower lines of the converging triangle.
That being said, it is essentially important to note that a symmetrical contracting triangle is a continuation pattern, so a strong bearish momentum can fully develop right off the bat.
We will take a closer look at the following area as market unfolds.
1965 - 1970
#analysis #12Dec18
FCPO1! Analysis | 2018 : 3/12 to 7/12Based on 30 minutes chart, short term trader has taken cautious position toward FCPO1! . It has been trading within wedge formation since 12 November 2018 until last week.
Here are support & resistance level for next week.
Support: 2010, 1994, 1979 and 1963 .
Resistance: 2043, 2060, 2077 and 2093 .
FCPO1! might continue its uptrend even-though there is sideway signal occur based on our Trend Identifier indicator. Traders might consider to take half position instead of normal position if uptrend follow through.
FCPO: Hourly EW Count - Nov 30th 2018An expanding triangle is anticipated. Price needs to travel beyond the 2078 price level to ascertain triangle formation. Wave c of (e) is likely to terminate between 2110 - 2125. Any strong violation of EW invalidation level @ 2137 could suggest the next major downtrend may be limited to a certain extent.
Market is then expected to embark on another (probably final) journey further down south.
With the burgeoning stockpile and lack of demand, it is interesting to see how market reacts at the weekly demand zone between 1863 - 1943. #analysis #30Nov18
FCPO price moving in ranges channeling down. Price moving in smaller range this week with production and export data mixing.
Near term bullish momentum visible in the daily Chart.
Price may move further up to the top of the channel before reversing back into the range again.
FCPO - Eye on Export DataPalm oil had dropped almost 150 points in just two weeks time as concern on rising inventory. In fact, demand were surprisingly good during the first 15 days of September. The first 20 days export data is due on today. Trader please be cautious if the continue strong demand will trigger potential price rebound if market have overdone. Speculation of 3.3 m inventory by Dorab still uncertain with surprised demand.
On the left chart showing a 2 months chart, the horizontal line in orange plot at 2013 Jul low 2137, If you look at the the entire chart, price did not trade lower than this for almost a decade except 2014 to 2015. As price near to this level, market is expect to be volatile. Meantime,
In technical view, price may initiate rebound with nearing long term price zone 2137. Market is expect to open higher with Soyoil increased 1.36% from yesterday 6 pm closing of Bursa FCPO1!. And price have achieved 7 multiples of golden ratio at 2158 (see right chart)
If rebound, resistance at 2175 to 2187.
If open gap up, price may fill the gap and trend remain favorable to selling.
If open gap up, price do not fill the gap fully, price factoring in potential strength for rebound.
Stay tune for intraday updates in the same post.
