Get started
East Malaysia Crude Palm Oil FuturesEast Malaysia Crude Palm Oil FuturesEast Malaysia Crude Palm Oil Futures

East Malaysia Crude Palm Oil Futures

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

FEPO1! trade ideas

Harami in CPO Time for Rebound?Technical View: Palm oil downtrend paused after tighter range move and inside bar formed, which indicates a reversal signal. Stochastic K% line showed mixed signals, as in daily chart, K% crossed down which indicates sell signal, while in weekly chart, K% line near to oversold level but K% remains crossed down which indicates market likely to further down before we have technical rebound. We expect market likely to continue decline with immediate support level at 4400. Suggestion Trade: Short if stay below 4550 Target Stop Loss (resistance level) 4758 Target Profit level (support level) TP1 4342 TP2 3926 Long if stay above 5045 Target Stop Loss (support level) 4837 Target Profit level (resistance level) TP1 5253 TP2 5669 Disclaimer: Trading Carries Risks. Happy Trading!! Cheers. ** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
MYX:FCPO1!
by happytrading96
Will CPO Downtrend Stop at 4400? - FCPO Weekly Market Analysis -Palm oil extended losses and closed at 4664. Daily chart broken EMA200 line which indicates market closed in bear market territory. While Stochastic K% line showed mixed signals, as in weekly chart market remains in selling signal while in daily chart, K% line crossing up at oversold level which indicates market likely to have technical rebound. We expect market likely to bounce with immediate support level at 4400. Suggestion Trade: Short if stay below 4600 Target Stop Loss (resistance level) 4813 Target Profit level (support level) TP1 4387 TP2 3961 Long if stay above 5150 Target Stop Loss (support level) 4937 Target Profit level (resistance level) TP1 5363 TP2 5789 Disclaimer: Trading Carries Risks. Happy Trading!! Cheers.
MYX:FCPO1!
by happytrading96
FCPO - Bear taking breathAfter a series of 8th falling trading days, price of FCPO constructed a short term bullish AB=CD pattern in daily TF. It's been oversold but not in extreme way yet. Current price is hovering around 5477 (the neck line of a bigger pattern) and may have a small rebound before a continuation. May focus on the price action along with confirmation of oscillator especially the neck line region for a the 1st TP of 6070. If the price manage to piercing thru the red dash trendline, the 2nd TP would be 6512. -Signing Out-
MYX:FCPO1!Long
by FXCruZaDer82
Downtrend Continue in CPO?Palm oil extended losses and closed at 5454 with long black formed which indicates bearish signal. While Stochastic K% line both weekly and daily chart remained crossing down indicates downtrend signal. However, please take note that stochastic K% line in daily chart landed at oversold level as well as candlestick landed at the of Exponential Moving Average 200 (EMA 200), which indicates market likely to have technical rebound. We expect market likely to bounce before move lower with immediate resistance level at 5700. Suggestion Trade: Short if stay below 5400 Target Stop Loss (resistance level) 5600 Target Profit level (support level) TP1 5200 TP2 4800 Long if stay above 5900 Target Stop Loss (support level) 5700 Target Profit level (resistance level) TP1 6100 TP2 6500 Disclaimer: Trading Carries Risks. Happy Trading!! Cheers.
MYX:FCPO1!Short
by happytrading96
1
FCPO - A Larger Picture of this bearish moveAfter a few bearish days, I turn to the larger timeframe for a larger picture of the price / trend . Bearish move this week crossed the Weekly trendline with strong momentum. I see price continue moving slowly in the next few weeks before another bearish run towards the 4500 level. Consider this as the leg 1 of its bearish move, it created a lower low. And then rebalance for a few candles before another huge candle. Estimated price to reach target at reversal zone around: Aug - Oct this year. If you liked this idea or if you have your own idea about it, please do not hesitate to write in the comments. Thank you
MYX:FCPO1!Short
by kkgoh87
FCPO Short run Analysis: Weekly price closed @ RM6,353PMT (-180) Price move in larger range; went up towards the dotted trendline in the daily time frame and closing on Friday downwards. Indicators: - Value Chart: neutral EMA-13 Line: neutral RSI: neutral Weekly candle (see pg.2): Price showing a stronger bearish momentum as Friday closing price went down sharply. Next Week: Price seems narrowing ranges between the top dotted trendline and the Base trendline in the daily chart. Bearish momentum may continue to 6100 level or further - reversal zone; then move in narrower range before breaking out. Price range: 5900 – 6250 PMT
MYX:FCPO1!Short
by kkgoh87
3
FCPO TRADING : 327) gartleys in the playthis is haidojo and the number is 327 ... Juz a brief update...2 gartleys in the view... 1st one, possible reversal at 6310...counter-trend trade, cannot hold too long... 2nd gartley, possible reversal at 6080...another counter-trend trade, same issue...cannot hold too long...(this is what I probably would do, no indicator of buy/sell, trade on your own risk) 9th June 2022 That's all for the update today. *plan your trade and trade your plan... gud luck* resistance : 6650-7080 (6310 possible reversal point) lower support : 5380 (daily critical support) support : 6310-6400 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… TRADE AT YOUR OWN RISK!
MYX:FCPO1!Long
by HAIDOJO_trading
2
Will Palm Oil Test 6800 Level?Technical View: market closed slightly higher after tighter range move with pin bar formed, which indicates market remained cautious on palm oil outlook While Stochastic K% line shows mixed signals, Daily chart showed K% line crossed up which indicates uptrend signal, but weekly chart remained in uncertain level at 47.58. We expect market likely to move higher with immediate resistance level at 6700. Suggestion Trade: Short if stay below 6200 Target Stop Loss (resistance level) 6393 Target Profit level (support level) TP1 6007 TP2 5621 Long if stay above 6635 Target Stop Loss (support level) 6442 Target Profit level (resistance level) TP1 6828 TP2 7214 Happy Trading!! Cheers. ** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
MYX:FCPO1!
by happytrading96