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Fcpo1

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
FCPO TRADING : 333) bracketing market (II)this is haidojo and the number is 333... "why reality in trading is much harder than those you see in advertisements? ". "Those ads which showed you it is very simple. JUz try these 3 simple steps and u can make millions." "made your setup, went shopping, then when u came home, you ald made some profits." "...and dun forget those who showed you lamboghini, bikinis, lavish life-styles or traveling around the world with juz internet connections and your device to connect to internet". "Well, the answer is simple." "They forget to tell u that there are drawdowns. They forget to tell u that part of the trades are losers. Sometimes, market doesn't behave like what u expect it to. Actually, market always does whatever it wants whenever it wants."\ SO, back to reality. In August, fcpo-OCt/nov hit the highest point on 12th Aug. When everything seemed like it was going to move higher, then it reversed and went down. The "orange" circle that u see was a false breakout. After that, we had several attempts to retest 4330 resistance but it failed and rollover all the way down. Till now. Today is 9th Sept 2022 and we anticipate the price to break lower to the downside, exiting below 3500 and testing 3350-3300...and of course, see if market got throw tantrums and behaves oddly. Fingers cross. **plan your trade and trade your plan... gud luck** resistance : 4180-4340 current support : 3500-3600 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!Short
by HAIDOJO_trading
2
FCPO - Bearish flag pattern breakoutComment : 1) FCPO is forming a bearish flag pattern in a downtrend since the peak in May 2022. This pattern is expecting a further movement down at the end of the flag. 2) The condition of a bearish flag including associate with descending trading volume during flag is forming. Eventually, FCPO has breakout below the low of the lower channel on 1st Sept. Support & Resistance: R : Resistance A S : Supporting B & 2125 DISCLAIMER : Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
MYX:FCPO1!Short
by TheWinningDay
Direction of FCPO #5As you guys can see, it is what we predict from previous our chart analysis. It is following the direction that I have been showed. So now lets see either the market can rebound and go up towards the strong resistance ( yellow box ) or it will continue downwards. Besides that, do not neglect that we can see there is a form of pattern have shown which is Head And Shoulder ( HNS ), same goes to this concept, have to break the neckline, and then we can make decision where is the direction of the market. We will see tomorrow to see what market brings to us.
MYX:FCPO1!
by Karkoon
FCPO TRADING : 330) bracketing market this is haidojo and the number is 330... First half of July month, it was a downtrend. Frm the low of 3500, it rebounded to the 1st high at 4080, then another round of selling to hit 3636-3700, another rebound came and hit higher at 4310 at the end of JUly, which is exactly the same high as the previous high at 4300...now, we wait for breakout of either side to confirm the trend...IF it breaks abv the high of 4300 and creates higher-high, THEN new uptrend has emerged. IF it falls below the current support of 3600-3700, THEN the price will fall further and recent rebound is a false alarm. **plan your trade and trade your plan... gud luck** resistance : 4240-4340 current support : 3500-3600 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 TRADING : 328) a possible short rebound? this is haidojo and the number is 328 ... A brief review of the whole June month, we could see that fcpo-Aug22 and fcpo-Sept22 were faced with a great fall or a heavy rollover all-the-way down frm RM6k ++ till yesterday, when the price had fallen below the RM4k borderline, a full 2000-pts ++ drop, marking the end of the era of RM4k, which started way back in July 2021, last year. As the hyperinflation has reared its ugly head again and threatening the whole economy of the planet, Bank Negara Malaysia (BNM) had made a drastic decision last night, by increasing the interest rate to 25 basis. Fcpo-sept22 hit the bottom at 3740 on 6th July 2022 after the announcement of hike in opr (overnight policy rate) by 25 basis to currently 2.25% by BNM, and most of the economists are expecting another increase of interest rate is imminent in September this year. So, folks, fasten your seat belts and ready for the roller-coaster ride! As what is happening today, fcpo-sept22 is heading for a rebound and it is difficult to judge whether the rebound is authentic or juz a false one, which is well-known as the fake "bull-trap". Also, as I have seen most traders are putting their analysis on the boards, so I wanto put mine too...(hehe, juz "busy-body"). Here is what I think might happen or somethg to watch out. fcpo-sept22 will face first wave of selling at the resistance level at 4180 and if it falls frm here onwards, then we have bear confirmed...and no second thought on that. However, if it still seeks to rebound further passing that 1st resistance level at 4180, then we shall see some heavier sellers at the range of 4380-4480 , the higher resistance level and also the critical ones, since if the price shoots higher frm this, THEN we might have a reversal..."bullish rotation" is said to be happening and we might wanto turn into buying/long. Till then, if the price is ransacked here and pull down making a rollover all the way down, THEN we shall still see it as a temporary rebound and BEAR still wins. There is a bit of information overload today. Hence, you might want to get a hard look at this for a gud sense. That's all for the update today. **plan your trade and trade your plan... gud luck** overhead resistance : 4074-4100 (happening now? wtf?) resistance : 4180 (my expectation of 1st wave selling) higher resistance : 4380-4480 (critical resistance, deciding Bull/Bear) current support : 3880 lower support : 3480 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!Short
by HAIDOJO_trading
2
FCPO - A Larger Picture of this bearish moveAfter a few bearish days, I turn to the larger timeframe for a larger picture of the price / trend . Bearish move this week crossed the Weekly trendline with strong momentum. I see price continue moving slowly in the next few weeks before another bearish run towards the 4500 level. Consider this as the leg 1 of its bearish move, it created a lower low. And then rebalance for a few candles before another huge candle. Estimated price to reach target at reversal zone around: Aug - Oct this year. If you liked this idea or if you have your own idea about it, please do not hesitate to write in the comments. Thank you
MYX:FCPO1!Short
by kkgoh87
FCPO TRADING : 327) gartleys in the playthis is haidojo and the number is 327 ... Juz a brief update...2 gartleys in the view... 1st one, possible reversal at 6310...counter-trend trade, cannot hold too long... 2nd gartley, possible reversal at 6080...another counter-trend trade, same issue...cannot hold too long...(this is what I probably would do, no indicator of buy/sell, trade on your own risk) 9th June 2022 That's all for the update today. *plan your trade and trade your plan... gud luck* resistance : 6650-7080 (6310 possible reversal point) lower support : 5380 (daily critical support) support : 6310-6400 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… TRADE AT YOUR OWN RISK!
MYX:FCPO1!Long
by HAIDOJO_trading
2
FCPO TRADING : 325) in the crossroadsthis is haidojo and the number is 325 ... For the first half of the May, price moved in downtrend until it hit bottom at 5925 on 19th May22. After that, it made a series of jagged uptrend and here we are...at the crossroad of 6400, going down we see some cushion of support at 6310, and 6080../higher level we could expect some resistance near 6650, 7080... As for the diagram, you could see "HL - NSH --ISL" they stand for "Higher-Low, New Structure High and Initial Structure Low". In this sequence, normally I would expect a reversal to happen where I might shift to looking for range for a short position, but this one is a bit special...as price kinda scurrying right below the support-turn-resistance line at 6310 and refused to give in. So, Bear hasn't won yet. Not quite yet. Now as the price moves back abv the support line of 6310, then we could see some momentum moving upwards but till more higher-highs and new higher-lows are formed, we are not sure whether this is a sideway move or just a crazy Bull trying to warming up... 2nd June 2022 That's all for the update today. *plan your trade and trade your plan... gud luck* resistance : 6650-7080 (6310 possible reversal point) lower support : 5380 (daily critical support) support : 6310-6400 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… TRADE AT YOUR OWN RISK!
MYX:FCPO1!
by HAIDOJO_trading
CPO Unstoppable Rocket? Or…. Ranging?What’s other factors would continue to move palm oil prices? 1. India imports hit 12-months low on sky high prices in CPO. This may led to demand further decline as buyers are price sensitive as it relies on imports for 60% of its needs. Currently, India rely on existing stockpiles and incoming domestic rapeseed crop to meet domestic demand 2. Revision of export restriction from Indonesia as food protectionism grows. Companies need to allocate 30% of exports for home market. Government are taking steps to safeguard domestic food supplies after Russia’s invasion of Ukraine. 3. Malaysia announced, the border restrictions is entering endemic phase start from 1st of April 2022 , which also means that more foreign workers arrive in May and June. 4. Soybean oil lower after USDA (United States of Department Agriculture) monthly forecasts showed world soybean supplies above expectations. 5. Declined in crude oil prices reduce demand for biodiesel blending. Technical View: 1. Again shooting star formed as profit taking after touched on historical high at 7268 which indicate sell signal. 2. Stochastic K% line is moving up in weekly and crossed up in daily chart which indicates market likely to resume its uptrend We have mixed signals this week. We expect market may move within range of 6500-7100. Suggestion Trade: Short if stay below 6600 Target Stop Loss (resistance level) 6783 Target Profit level (support level) TP1 6417 TP2 6051 Long if stay above 7000 Target Stop Loss (support level) 6817 Target Profit level (resistance level) TP1 7183 TP2 7549 ** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
MYX:FCPO1!
by happytrading96
CPO Continue above 7000? Or Ready for Correction?FCPO declined by nearly 8% on last Friday and closed at 6276 as profit taking took place, but posted 2nd weekly gains after touched on historical high at 7108. So, what’s make palm oil now the costlier edible oil among the 4 major edible oils? Global commodities rallied following EU bans certain Russian banks from SWIFT bank payment system which aimed to stuttering the Russia economy and introduces further restrictions. The war expected to disrupt the processing and export of Ukraine oilseeds crops for at least 1 month and curb flow of sunflower seed to the European Union. 2. India’s reserve is facing a depletion in stocks levels with a lack of shipments of sunflower oil from the Black Sea Region. India requested Indonesia temporary reduce their biodiesel blending rules and increase the exports to mitigate disrupted supplies of sunflower oil. 3. Rising concerns on adequate palm supply levels for post-Ramadan restocking. While expectations of higher productions in coming months as high output cycle kicks in and government also announced new migrant workers to work in plantation sector capped gains. 4. Soybean oil prices closed lower as profit taking and rainfall in Brazil and Argentina eased dry weather conditions. Technical View: 1. Shooting star formed at resistance level of 7100, which indicates market losing uptrend momentum and also a reversal signal 2. Stochastic K% line is crossing down in both weekly and daily chart which indicates downtrend signal We expect market may have short term retracement with immediate support level at 5825 Suggestion Trade: Short if stay below 6200 Target Stop Loss (resistance level) 6365 Target Profit level (support level) TP1 6035 TP2 5705 Long if stay above 6800 Target Stop Loss (support level) 6635 Target Profit level (resistance level) TP1 6965 TP2 7295 **Disclaimer: Trading Carries Risks**
MYX:FCPO1!
by happytrading96
1
Reversal Signs in Palm Oil Market?Market closed slightly higher at 5573 last Friday after tighter range move. Some key factors continue to weigh on palm oil prices: 1. Indonesia had expanded its export permit requirement for palm oil products where exporters must sell 20% of their exports at home and with price cap to other derivatives. This further raising fears of global supply disruptions. The regulation valid from Feb 15. 2. Latest Malaysia Palm Oil Board data showed lower inventories and production due to labor shortage and flooding; lower exports due to rising palm oil prices However, analysts’ expectations that current high price not sustainable 3. some participants expecting production to pick up in March as Malaysia Government targeting full scale reopening of international border 4. . Soybean oil continued uptrend, as LaNina brought in hot weather across key South America growing areas and strong demand on US soybean 5. Strong crude oil prices amid ongoing worries about supply disruptions from the Russia and Ukraine crisis Technical View: 1. Market uptrend paused with hanging man formed at resistance level of 5750, indicates reversal signal 2. Stochastic reached overbought level and K% line is crossing down which signalled reversal signal We expect market may have short term retracement if market unable to stay above 5500. Suggestion Trade: Short if stay below 5365 Target Stop Loss (resistance level) 5478 Target Profit (support level) TP1 5252 TP2 5026 Long if stay above 5685 Target Stop Loss (support level) 5572 Target Profit (resistance level) TP1 5798 TP2 6024
MYX:FCPO1!
by happytrading96