CPO1! trade ideas
FCPO TRADING : 287)reversal signal is confirmedthis is haidojo and the number is 287 ...
welcome fcpo-aug and gudbye fcpo-july! after hitting the historical high last week wednesday at 4525 on 12th may 2021, this is the highest point fcpo ever reached in at least the past 13 yrs...! Ever since 2008, fcpo finally reached back to this level together with the commodities boom which is happening worldwide...(ironbar, soil bean, etc...)
before we have the time to celebrate, the price started to drop and this week, fcpo-aug has not only violates one, but 2 critical supports of 4335 and 4180...the next level of support is ranging frm 3880-3920...(this is not an indication of buying at support, dun do counter-trend trade if you have never tested it)
the chart actually shows the movement of the price in a line...and then also the price action such as HH_HL_HH for the uptrend, then suddenly the formation of ISL_LH_LL which indicates the change of the trend has happened...(If you dun understd what alien language I am writing, pls look at the chart)...
So now short on rebound is the best offer frm market...
*plan your trade and trade your plan... gud luck*
higher resistance : 4486-4525 (new record and the highest point since 2008)
resistance : 4300- 4335
immediate resistance : 4180
immediate support : 4070-4085
lower support : 3880- 3920
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!
FCPO - AUG21 - Support and Resistance (SNR) - 19/05/2021SNR Kampung Style.
Valid on the said date only.
Enjoy and feel it. Hopefully, it's useful.
This is for study and educational purposes only.
FTSE FCPO Palm Crude Oil Futures #FCPOStill rooms for fcpo to rise, be alert once it rises above 4400.
Plan your trade, Trade your plan!
Hit TP 2 - OverboughtBe cautious for the new month contract as the price hit Fibonacci resistance with overbought condition seen on daily RSI.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
FCPO - AUG21 - Support and Resistance (SNR) - 18/05/2021SNR Kampung Style.
Valid on the said date only.
Enjoy and feel it. Hopefully, it's useful.
This is for study and educational purposes only.
Amount setup in paper tradingTo feel the most accurate stress of intraday entry creation I've devided all figures with 4 to convert all value to RM.
FCPO - AUG21 - Support and Resistance (SNR) - 17/05/2021SNR Kampung Style.
Valid on the said date only.
Enjoy and feel it. Hopefully, it's useful.
This is for study and educational purposes only.
May17: FCPO (Daily) - Bulls Likely Take a Breather...🐮📉CPO: Weekly & Daily Up-Channel top reached last week. 🚀✅
Coupled with slight momentum weakness on Hourly, suggesting an overdue retracement might finally take place.
In case of continued bullish momentum, mainly driven by macro reasons, look to R1: ~4.6k, R2: ~4.8k
Else, price may find support at S1, prev ATH, or UTL1.
❇️April11 Long Call hit R1, next will be R2...
❇️Midterm Bull Cycle: Strong Breakout from R2 marked below from Sept2020...
Happy Hunting! Stay Safe! ⭐️
-JK-
FCPO - July21 - Support and Resistance (SNR) - 12/05/2021SNR Kampung Style.
Valid on the said date only.
Enjoy and feel it. Hopefully, it's useful.
This is for study and educational purposes only.
FCPO - July21 - Support and Resistance (SNR) - 11/05/2021SNR Kampung Style.
Valid on the said date only.
Enjoy and feel it. Hopefully, it's useful.
This is for study and educational purposes only.
FCPO - July21 - Support and Resistance (SNR) - 10/05/2021SNR Kampung Style.
Valid on the said date only.
Enjoy and feel it. Hopefully, it's useful.
This is for study and educational purposes only.
bullish continuationbullish continuation pattern after break sideways channel
heading fibo 1.61 and complete the pattern doble top to 507x
FCPO - July21 - Support and Resistance (SNR) - 07/05/2021SNR Kampung Style.
Valid on the said date only.
Enjoy and feel it. Hopefully, it's useful.
This is for study and educational purposes only.
FCPO TRADING : 284) a breakout frm recent sidewaythis is haidojo and the number is 284 ...
after going tru sideway for almost two-weeks, finally we have a breakout to the upside for fcpo-july...
we have 2-days of holidays ahead next week for Raya festival and then the end of fcpo-july...
then comes fcpo-august on 17th May 2021...
so, the point is, long on retracement is something probably I will be doing in the market now...the bull is heading towards higher level at 4335...
thr is a possibility that price will retest the support level at 4120-4180 since we have a close-to-200pts ups today...
*plan your trade and trade your plan... gud luck*
resistance : 4335
support : 4120-4180
lower support : 4060-4090
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!
May03: FCPO (Hourly) - Sideways-Up, To Retest HH@419x...🐮🚀200ticks sideways range over the past week or two.
Daily & Hourly strong support: 382x-8x zone still holding, likely to see higher moves from here.
Watch R: 408x, 414x, then HH-419x
❇️ April11 Long Call still intact, haven't priced in the contract change.
❇️ On retest 419x HH, will again stand above Monthly strong R as below.
Happy Hunting! ⭐️🚀
-JK-
