Get started
USD Malaysian Crude Palm Oil Calendar FuturesUSD Malaysian Crude Palm Oil Calendar FuturesUSD Malaysian Crude Palm Oil Calendar Futures

USD Malaysian Crude Palm Oil Calendar Futures

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts

CPO1! trade ideas

FCPO Week Review 22/10/22Primary Trend: Consolidation ( Weekly) Resistance Zone = 4500-4200 Support Zone = 3700-3300 Short term Trend: slightly Bullish Remarks: • Reversal head and shoulder pattern on daily chart, TP will be within weekly resistance zone. • RSI trading above daily DMZ(60-40) • Daily Trading above 20 and 50 MA, nearing 100 EMA • End of week open interest : 204192 with 50175 contracts on January,2023 Weekly Global Production data/news (Sources : TRADINGECONOMICS.COM) • Oil prices were little changed this week, as hopes of higher Chinese demand and output cuts by OPEC+ offset lingering fears about a potential global recession-driven demand downturn. OPEC and its allies, including Russia, agreed to cut production by 2 million barrels per day in November.A looming European Union ban on Russian crude also exacerbated concerns about tight supplies. • Chicago soybean have been trading below $14 per bushel for the past three weeks, hovering close to the two-month low of $13.6 hit on October 6th as fast progress in the US harvest signaled a strong supply to replenish inventories. 25/10/2022 Trading Plan, • Long o if breakout above the 1H consolidation zone,TP:4260 SL:4160 o sign of any price rejection on the support zone, TP1:4170, TP2:4240. SL: 4060 • Short if breakdown support zone, TP1: 4040, TP2:3980. SL:4095 Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market.
MYX:FCPO1!
by POKSAWSAW
FCPO TRADING : 335) dropped below and climbing back intothis is haidojo and the number is 335... This is a sequence from no 330 and no 333, titled "bracketing the market". As the story goes, last month in Sept, we had a breakout to the downside whr fcpo dropped below the support of 3500-3600. To follow-up what happened yesterday, fpco-dec22 has created what I call as "Higher-High-Higher Close" in hourly chart. Which u could see in the diagram. SO reversal is confirmed. We shall wait for retracement to get in long. That is what I am going to do lahh. Another thing is, 3900 is a critical resistance and also the previous "Lower-High" in daily chart. I expect the pullback is getting its first strong wave of resistance near this level. The latest low was 3223 and this has breached below the critical support of 3500-3600...Now, the price is fighting back into this zone and passed tru it...touching 3800 this morning... so retracement might get back into 3650 - 3700 region...or lower near 3600-3620 region...wait for the come-back and ride the "bad boy"... **plan your trade and trade your plan... gud luck** resistance : 3900 current support : 3650-3700 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!Long
by HAIDOJO_trading
2
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 9 Sept 2022 : Trading Plan for noon sessionLarger TF : 1. Based on a bigger trend is a downtrend. 2. There is a chance price to form Trading Range for accumulation or redistribution. 3. At this point, the price still unable to atleast test Fibo 78.6 for SW outlook. 4. If the price drop, the nearest TP is either Fibo 50 & Fibo 23.6 level to form ST. 5. If the price jump, the nearest TP is Fibo 78.6 1min TF : 1. Price cross EMA21 = SW 2. EMA21 flat = SW 3. MS buy still intact until its voids the structure. 4. Price still in TR 5. Notice price keeps pushing lower indicating strong seller in the market. Decision : 1. Possible price will make UT/UTAD/fake breakout before continuing its journey. 2. Wait until it breaks on either side of the TR with the new market structure.
MYX:FCPOX2022
by ArifHasbollah
FCPO Contract Month Watchlist TutorialThese are the steps shown in video to make FCPO Contract Month Watchlist. 1. Open FCPO1! Chart 2. Check latest contract month 3. Open Indicator 4. Search for FCPO Contract Month Table 5. Take note the latest contract month, example X 2022 6. Select X and 2022 from setting 7. Open other live chart 8. Create new watchlist 9. Set Frequency to All 10. Set alert 11. Set condition 12. Clear Alert Name 13. Click Create 14. Export alerts log to a CSV file... 15. Save csv file 16. Open csv with notepad 17. Remove necessary code 18. Save as txt extension 19. Import list 20. Done I may do other watchlist such as Sharia market, future etc. Thank you.
MYX:FCPO1!Education
by RozaniGhani-RG
1