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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 Daily Analysis for 15 November 2024 -Bullish Signals Amid DFCPO market demonstrated strength on November 15, 2024, across all major timeframes. The Daily chart shows a completed pullback with signs of bullish continuation, even as RSI approaches overbought levels. The 1-hour chart highlights robust support from moving averages and a confirmed CPR pivot, which bolstered intraday buying confidence. Finally, the 5-minute chart reflects intraday resilience with CPR support holding firm, paving the way for a rally during Friday’s session. Looking ahead, the bullish momentum appears set to continue, supported by both technical indicators and recent fundamental news. Traders are advised to maintain a bullish bias, focusing on pullbacks to enter long positions at key support levels. The overbought RSI suggests exercising caution with trailing stops, while fundamental news should be closely monitored to anticipate any shifts in sentiment. This analysis provides a strong case for the FCPO market to sustain its uptrend. By combining technical insights with market news, traders can approach tomorrow’s session with an informed and strategic mindset. See full chart from Master FCPO Trading website.
MYX:FCPO1!Long
by AbuOthman2020
FCPO Daily Analysis for 14 November 2024: Technical Insights andFCPO market on 14 November 2024 demonstrates a strong bullish trend with minor consolidation phases across multiple timeframes. The daily chart suggests potential overbought conditions, but the bullish momentum remains intact. On the 1-hour chart, dynamic support from the moving average ribbon reinforces this trend, though CPR resistance warrants caution. The 5-minute chart confirms intraday support, with the market testing resistance as traders look for further bullish confirmation. With today’s analysis in mind, traders should watch key support and resistance zones on both the 1-hour and 5-minute charts. A breakout above the CPR pivot would strengthen the bullish outlook for tomorrow, while failure to breach resistance may signal temporary consolidation. Employing a balanced approach between aggressive and conservative strategies will help navigate the FCPO market effectively as it responds to both technical setups and underlying fundamentals. Read full analysis from Master FCPO Trading website.
MYX:FCPO1!Long
by AbuOthman2020
FCPO Daily Analysis for 13 November 2024 - Correction?In summary, the FCPO market on 13 November 2024 presents a mixed technical landscape: Daily Chart: Overbought with sellers in control; potential pullback. 1-Hour Chart: Bearish sentiment below CPR with dynamic support at the MA ribbon. 5-Minute Chart: Oversold indicators suggest a possible intraday bounce, but caution is warranted. Overall, traders should approach tomorrow’s FCPO market with a balanced view. Swing traders might look to capitalize on the overbought conditions in the daily chart, while intraday traders can take advantage of short-term oscillations. News events could amplify volatility, so staying updated on economic developments is essential. The FCPO market continues to offer compelling trading opportunities, with technical indicators providing clear guidance on market direction. Patience, discipline, and a close eye on support and resistance levels will be key to navigating the FCPO landscape in the coming days. Read full analysis on Master FCPO Trading website.
MYX:FCPO1!Short
by AbuOthman2020
FCPO Daily Analysis for 12 November 2024: Insights & StrategyToday's FCPO market displayed resilience amidst mixed signals. With reduced stock levels and higher exports fueling optimism, technical indicators now suggest a potential consolidation before the next big move. Swing traders should aim to capitalize on pullbacks, while intraday traders can look for high-probability entries on breakouts or rejections at key levels. Tomorrow’s market is likely to be driven by follow-through from today’s volume levels and any new developments related to export data. Staying agile and adaptable in this environment will be crucial for traders aiming to capture profitable moves. By balancing technical indicators with market news, FCPO traders can navigate upcoming opportunities with greater confidence. See full analysis on Master FCPO Trading website.
MYX:FCPO1!Short
by AbuOthman2020
FCPO Market Overview for 11 November 2024FCPO market on 11 November 2024 reflected a blend of bullish technical patterns and supportive fundamentals. The decline in Malaysia's October palm oil stocks adds to the bullish case, reinforcing the idea that supply concerns could keep prices elevated. The daily chart’s uptrend remains intact, though the 5,200 level continues to act as a formidable resistance zone. For tomorrow’s trading session, monitoring price action around 5,200 will be crucial. If this level breaks with volume, it could signal a continuation of the rally. However, if selling pressure persists, expect a potential consolidation or slight pullback to retest lower support levels, presenting strategic entry points for both intraday and swing traders. As we await the next trading day, these technical insights and the latest news serve as a foundation for developing robust trading strategies in the ever-volatile FCPO market. See full analysis from Master FCPO Trading website.
MYX:FCPO1!Long
by AbuOthman2020
FCPO Daily Analysis for 8 November 2024 - Strong Bullish TrendsThe FCPO market on 8 November 2024 exhibited sustained bullish momentum across multiple timeframes, driven by robust demand expectations from Indonesia’s biodiesel policy, supportive global edible oil prices, and resilient technical levels. The daily chart reflects strong upward trends, despite an overbought reading, while the 1-hour and 5-minute charts align with this sentiment, offering actionable pivot points and dynamic support levels. External factors, such as the expected increase in biodiesel demand, global supply forecasts, and the ringgit’s strength, add further complexity to the market’s outlook. Despite the potential for minor pullbacks, today’s market behavior underscores a positive sentiment that could extend into the coming week. In preparation for 11 November, traders are advised to monitor pivot levels and dynamic supports, leveraging the Moving Average Ribbon as a guide. While the bullish trend remains intact, vigilance around key resistance points will be essential in navigating any reversals. Visit Master FCPO Trading website for full analysis.
MYX:FCPO1!Long
by AbuOthman2020
FCPO Daily Analysis for 7 November 2024: Continue Bull RunThe FCPO market on 7 November 2024 demonstrates resilience, buoyed by supportive supply-demand dynamics and recent news. The daily chart confirms a bullish trend, while the 1-hour and 5-minute charts provide tactical insights for range-bound and intraday traders. With the Malaysian Palm Oil Board data set for release on 11 November, traders should stay informed about potential market-moving news. In the meantime, strategic entries near support levels and cautious exits at resistance can yield profitable trades in this environment. The FCPO’s performance today underscores the importance of adapting strategies across different timeframes to maximize profit while managing risk. In summary, while the FCPO market remains bullish in the longer term, tomorrow’s trading may offer both continuation and range-bound opportunities. By following key technical levels and adapting to market developments, traders can make the most of the ongoing uptrend and potential intraday fluctuations.
MYX:FCPO1!Long
by AbuOthman2020
DEMAND AREA & INSIDE BAR BREAKOUTHello everyone.. today I want to show you how I set up my entries. Based on my experience and analysis, you can check out this video to follow along. First, on the larger timeframe, we see that price has made a pullback in the demand area. Every time there is a big price movement like this, you can mark it as a zone like I’ve shown. Switch to the line chart, and you'll see the demand area there. Once you’ve marked the zone, don’t enter immediately. Go to a smaller timeframe to see what’s happening. On the 1-minute timeframe, there is an inside bar breakout. Wait for the candle to close with a full body, and then enter. The same goes for the two zones I’ve marked. Keep practicing to sharpen your eye for these setups!
MYX:FCPO1!Long
by hafizthalatha86
BREAKOUT STRATEGYThe way to use the inside bar candle together with SNR (support & resistance) zones is by waiting for an inside bar to form near the SNR zones. When the price breaks out from the inside bar, open a position in the direction of the breakout, but ensure it aligns with the reaction at the SNR zones. If the breakout occurs at the resistance zone, consider entering either a continuation or reversal trade, and similarly, if the breakout happens at the support zone, consider entering.
MYX:FCPO1!Long
by hafizthalatha86
FCPO Daily Analysis for 22 October 2024 - A Detailed LookFCPO market was driven by a combination of bullish technical patterns and positive external news. The breakout from the symmetrical triangle on the 1-hour chart signals a potential trend reversal, and the market's ability to maintain its gains throughout the session suggests that buyers are firmly in control. However, the RSI levels indicate that the market may be entering overbought territory, and traders should be prepared for a potential pullback in tomorrow's session. For tomorrow, the strategy is to wait for a pullback to key support levels, monitor the RSI, and look for confirmation of the bullish trend. With global demand on the rise and output forecasts declining, the FCPO market is poised for further gains, but traders should remain cautious and keep their risk management strategies in place.
MYX:FCPO1!Long
by AbuOthman2020
INSIDE BAR WITH SUPPLY & DEMANDHow can I get 100 ticks in one day? First, when the price opens and closes at resistance on the 15-minute time frame, I move to a smaller time frame to look for a setup. On the 5-minute time frame, there is an inside bar candle. When the candle breaks the inside bar, I immediately enter. Then, there’s another setup where the price makes a pullback at the supply area, which is a drop-based-drop pattern on the 3-minute time frame. Usually, when a big movement happens, we wait for the price to make a pullback in the supply and demand area.
MYX:FCPO1!Short
by hafizthalatha86
1
FCPO Daily Analysis for 15 October 2024 - Market ReboundsToday’s FCPO market on 15 October 2024 demonstrated a strong recovery from previous lows, primarily driven by buying interest around key support levels and news regarding lower palm oil exports and global crude oil price hikes. Technical indicators on both the 1-hour and 5-minute charts show a potential shift towards bullish momentum, although the market may encounter some resistance near RM 4,300. For tomorrow’s session, traders should watch for any pullbacks toward the RM 4,220 level as a potential entry point for long positions, while also being cautious of resistance at RM 4,300 and RM 4,350. With global palm oil data and external market factors continuing to influence price movements, it’s essential to stay updated and agile. The FCPO market is always full of surprises, and today was no exception. Stay sharp, and let the charts guide your decisions!
MYX:FCPO1!Long
by AbuOthman2020
FCPO Daily Analysis for 14 October 2024 - Market Dynamics UnveilCombining H1 and 5-Minute Charts for Tomorrow’s Trading Plan Based on the technical analysis of both the H1 and 5-minute charts, the following conclusions and trading strategies can be drawn: Watch for a Breakout Above 4,400 (H1): A confirmed breakout above the 4,400 resistance level on the H1 chart could provide an opportunity for long positions, targeting 4,450 and possibly higher. The key is to wait for a strong bullish confirmation with accompanying volume. 4,240 Support Holds the Key (H1): Should the price fail to hold 4,240 on the H1 chart, a significant downside move could occur. Look for short opportunities with potential targets around 4,200 and possibly 4,160. Intraday Focus on 4,320 - 4,300 Zone (5-Minute Chart): On the 5-minute chart, the market is showing signs of exhaustion. If the 4,300 support holds in early trading tomorrow, a quick bounce toward 4,320 is likely. However, if 4,300 is broken, look for a potential move lower. RSI and Momentum Indicators: Keep an eye on the RSI for any signs of divergence or overbought/oversold conditions, as these could provide early warning signs for reversals.
MYX:FCPO1!Short
by AbuOthman2020
2