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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

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CPO1! trade ideas

FCPO CRUDE PALM OIL FUTURESINDICATING POTENTIAL DROP IN PRICE SUPPORTED BY FLATTENING VOLUME FOR AUGUST 2021 DELIVERY. FOR THOSE IN PHYSICAL TRADING BUSINESS, THIS COMING 2 DAYS WILL BE THE BEST FOR YOU TO CLOSE A DEAL WITH CLIENTS WHO WISHED FOR A CHEAPER PRODUCT (WE KNOW THOSE KIND OF CLIENTS). ALSO FOR HEDGER IN PHYSICAL COMMODITY TRADING BUSINESS, HEDGE YOUR POSITION ON THE FIRST TWO WEEKS OF AUGUST 2021 DELIVERY CONTRACT WILL BE A BAD IDEA. WAIT UNTIL THE DISTRIBUTION HAVE BEEN MADE ON AUGUST 2021 CONTRACT, BEFORE ACCUMULATE YOUR HEDGING POSITION. HAPPY PRICE & TIME ARBITRAGE LADS. THE ONLY GUY WHO TALKED ABOUT THIS. IN PHYSICAL TRADING PERSPECTIVE NAIM SUKRI
MYX:FCPOU2021
by NaimEdelweissFX
FCPO TRADING : 294)retest the previous highthis is haidojo and the number is 294 ... after the recent rally, bull has its grip back. Till yesterday, it has gone back to the previous level at 4400... so the next level we are looking at is, the previous high in mid-may 2021, and also the highest price ever in fcpo since 2008...4430-4525 if it falls back for consolidation, we shall see some support ranging frm 4200-4300... that's all for tdy ...if u are frm malaysia, be safe, stay at home... *plan your trade and trade your plan... gud luck* higher resistance : 4430-4525(the record high) immediate support : 4200-4300 lower support : 4050 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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
FCPO to formed corrective wave ?Hello there, it has been awhile since my last update. From what I have been analyzed in this market, this is my dummies & 2cents that I found in the EW's perspective for FCPO A few weeks ago, we can see the market had passed the 5th wave of impulsive and now most likely it has been entering the correction wave. This is the guidelines as the support for my studies ; A. IMPULSE WAVE 1. Alternation - Wave 2 Expanded Flat (Sideways) - Wave 4 Simple Zigzag (Sharp) 2. Equality - Wave 3 is extended, hence wave 1 & 5 is equally +- B. CORRECTIVE WAVE 1. Alternation - Since the first wave A is a simple zigzag, most likely the B wave will be having the complex zigzag ======================================= Well, ofcourse we will let the price reaction to react first as the confirmation for the studies. Too much probability to be told as you know, the rule is a bit complicated for the counting. Let's see either the wave will be in the regular,expanded or running flat later.... This is only for my own studies and would like to share to you guys plus to practice & sharpen wave counting skills for my upcoming CEWA LVL2. Please, do trade at your own risk & this idea is not a buy/sell call for you. Leave your thoughts & comments here.
MYX:FCPO1!
by zhafrihandsome
11
July21: FCPO (Daily) - Wide Range, Sideways Up...🐮📈Maintain sideways view, price continued rallying on weak volume, reached prev R@ 406x-418x area. Expect some retracement upon violating steep UTL, price may find support near S zone. Major S&R zone R1: 406x-418x Major R2: ~4.4k S1: 366x-386x Major S2: 3.2-3.4k Looking for swing long on retrace. Maintaining longer holding period positions lately due to lack of monitoring time. Lesser posts here, due to TV deleting some of my posts (😤). I still post more in my own public channel. :) Happy Hunting! 🚀 -JK-
MYX:FCPO1!Long
by jeanne_k