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

Palm extends gains on hot weather, ahead of Eid holiday - FCPOMalaysian palm oil futures rose for the third straight session on Wednesday, due to a shortage after a slowdown in production during Ramadan, topped with hot weather over the past weeks. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 84 ringgit, or 1.95%, to 4,396 ringgit ($926) a metric ton, by the midday break. The futures is strong due to the coming Eid holiday. The Ramadan month provides a slowdown in production plus hot weather over the past weeks has resulted in lower yield, so there is a shortage of palm oils in the market at the moment. The soyoil contract on the Dalian Commodity Exchange gained 0.79%, while its palm oil contract was up 2.48%. Soyoil prices on the Chicago Board of Trade were up 0.31%. Palm oil is affected by price movements in related oils as they compete for a share of the global vegetable oils market. India's palm oil imports hit a ten-month low in March to 481,000 tons, as the top vegetable oil buyer increased sunflower oil imports amid lower prices.
MYX:FCPO1!Long
by Khairil_Anuar
Green Bull Flag in FCPO From a technical standpoint, prices have consolidated into a bull flag consolidation pattern since 14 March, breaking out of the flag resistance (orange trend channel) yesterday, albeit with normal volume. This localised breakout coupled with the breakout of the long-term parabolic bowl accumulation pattern at 4,150, a pattern forming since July 2023, signalled a possible continuation of the bullish climb to retest 4350 levels. Fibonacci retracements can be seen respected at 61%, 50% and 38% respectively. Immediate support is foreseen around the 4,200 levels, a zone created from a combination of both 50% fibo and the high from previous surge – green line support. Sustained prices above the bull flag pattern for the next two days are likely to drive further upward movement, aiming to breach the 4,350 level and potentially reaching 4,500 levels. This upward momentum may be fueled by short liquidations and breakout buys. Conversely, a drop below the 4,150 level could prompt a retreat towards the crucial support level of 4,000. Regarding correlated edible oils, technical indicators for CBOT soyoil futures indicate a bullish divergence, with prices rebounding noticeably from recent lows. The trajectory suggests a continuation of the bullish trend following a retracement to the 47-48 cents per pound levels last week. Trading Idea: Entry: Long 2 lots FCPO @ 4230 SL: 4190 TP: 1 lot @ 4330 ; another @ 4480 - Darren, Phillip Nova Analyst
MYX:FCPO1!Long
by phillip_nova
1
The combination of gcov5 and TCD osc = high precision & win5m chart, overall condition analysis. The combination of gcov5 and TCD osc will give more strength to a decision whether to buy or sell. In turn, it can increase accuracy and win. how to get a win in all positions? 1. refers to bull/bear trend ( TCD osc) 2. find a gcov5 signals based on SnD zone and early TCD trend 3. buy price 3 ticks below the close of the signal candle, and sell price 3 ticks above the close of signal candle, so that we can get a tick advantage. If a high candle formed, so enter half candle price. What to do if we miss the signals? sometimes, we miss a buy signal after several candles. We can still enter the market by referring to the nearest support as a buy area and resistance as a sell area. For attention, do not proceed into market if 1. the price breakdown a support or 2. if we have missed the signal too far DISCLAIMER; This post is not meant to be a buy/sell call, just ideas and research analysis based on measurement tools.
MYX:FCPO1!Education
by TraderAsist
3
Identify reversals and confirmation.Step to identify the beginning of a reversal and making a decision for a trade. 1. Draw/mark the current trend based on HH/HL/LH/LL, and use the trend line at those points. 2. If the current price crosses the trendline, that's an early signal for a reversal. 3. confirmation of a reversal when the price breaks the structure/pattern (bottom/top). 4. After the above happens, the weighting of the position in the small timeframe (3m/5m) is based on the larger timeframe (1H). For example, 1H reversal up and then 5m should look for a buy signal/keep buy. 5. The distances of target for the buy condition must be limited in the supply zone=previous higher high/lower high. Vice versa, a distance of targets for the sell condition must be limit in the demand zone=previous higher low/lower low. 6. you can combine with other measuring tools such as stochastic or RSI. The example here uses Trend Circle Divergence (TCD) based on RSI, wave of momentum, EMAs, and MACD. *Please refer to the chart below for in-depth information and analysis. How do reversals happen and identify appropriate positions? Price action/movement, patterns, and their effects
MYX:FCPO1!
by TraderAsist
FCPO Week 9 2024 - Still bearish.FCPO is coiling. Price is almost stalling last week. It goes up one day and then it got taken out the next day. So at the end of the week it is more or less moving no where. It might do the same next week within the flag formation. Still with bearish view for price to move to 3720 area which might be the support area before price eventually moving higher. The bullish view will come into picture if price move and close above the flag resistance area.
MYX:FCPO1!Short
by edramlan
9
FCPO ANALYSIS 23.02.20241) The structure forms a new lower low, indicating downward pressure in the current trend. 2) There's a breakout from the support trendline which is likely to turn into resistance. 3) Price movement is expected to rise towards the Fibonacci retracement area between 50-61.8% before further decline. 4) The boxed area is marked as a confluence zone encompassing the upper trendline, the trendline-turned-resistance, and the Fibonacci retracement area of 50-61.8%. 5) The significance of the Fibonacci 50% level in price reactions, particularly in commodity contexts.
MYX:FCPOK2024Short
by Rockersgeng
2