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East Malaysia Crude Palm Oil FuturesEast Malaysia Crude Palm Oil FuturesEast Malaysia Crude Palm Oil Futures

East Malaysia Crude Palm Oil Futures

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FEPO1! trade ideas

FCPO - Road to 3400 and Above..Palm hit a one-week low in the previous session, after three straight sessions of losses. Meanwhile... The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 16 ringgit, or 0.49%, to 3,295 ringgit ($803.17) a tonne during early trade. . . For some reason.. 1- The world's largest producer of crude palm oil, warned on Tuesday that its fourth-quarter output would be hit by uncertainties over the weather and COVID-19 curbs. 2- Investors are now looking at Nov. 1-20 export data from cargo surveyors due Friday, after shipments during the first half of the month fell between 11% and 14% from the same period in October. 3- Dalian's most-active soy oil contract DBYc2 rose 0.5%, while its palm oil contract DCPc2 gained 0.5%. Soy oil prices on the Chicago Board of Trade BOc2 were up 0.2%. . . In terms of market .. 1- Asian equities were set for a sluggish open on Wednesday, tracking a lower Wall Street session as concerns over rising coronavirus cases and fresh lockdowns dampened the euphoria from vaccine trial breakthroughs 2- Oil prices fell on Wednesday after a bigger-than-expected build in U.S. crude stockpiles stoked fears for weak fuel demand and a potential supply glut, but hopes that OPEC and its allies will postpone a planned January increase to oil output braked losses. As I mention in my previous post. How and Why it can reach to get a higher price.... Is it possible to hit 3400 and sustain above 3000 per tonne???? Hell Yeah!! . . Till Then, Happy Trading & TAYOR Stay safe everyone.. Together we flatten the curve If you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight.
MYX:FCPO1!Long
by AbangManuK
Nov18: CPO(1D) - Shall 3200 Hold, Likely See Rally to 3.4-3.6k🐮Bulls taking a breather as active contract move to Feb2021. Major S: 320x-6x >> Watch if hold on test... If support hold, Look for rally towards R1-R3: 340x-5x, 350x-5x, 360x-5x in about 2weeks time. ;) I've been on Long since turn Nov, check out my many other social platforms for latest charts & market updates. 🔔⭐️ Check out my prev post on a Major CPO Bull Cycle (happening now!) ❇️https://www.tradingview.com/i/CwQkXxdU/ Happy Hunting! 🥂🚀 -jk-
MYX:FCPO1!Long
by jeanne_k
FCPO TRADING : 220) still on persistent uptrendthis is haidojo and the number is 220 ... today is the first day of fcpo-feb and that is not a real drop of 100pts... it is more like the continuation of last month's price which extended into this month... so the direction of the trend is still undefined yet... price might test the previous higher-low at 3160, the rectangular space... but before that, it needs to fall below 3260 - the previous high first/// which is the level where it turns frm resistance to support... 3350 is now the resistance level and supports are at 3260 and 3160... *plan your trade and trade your plan... gud luck* higher resistance : 3414-3450 resistance : 3350 support : 3260 lower support : 3160 (deciding bull/bear) 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!
by HAIDOJO_trading
Resistance alertFCPOG seems optimistic, however we alert current price is at resistance level coincides appearance of Bearish Harami and overbought condition on Stochastic. We are still positive on the Bullish movement to 3517, however, correction or consolidation might occur this week. Liquidate earlier long position could be a good idea, however we need more confirmation for short position, unless for scalping purposes. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
MYX:FCPOG2021
by ellynacci
FCPO TRADING : 218) still on persistent uptrendthis is haidojo and the number is 218 ... fcpo-jan is hitting its last day today...next Monday fcpo-feb will emerge and substitute this fcpo-jan and becomes the new player... so a DB today going back to support level at 3350...and temporary resistance seen ranging frm 3410-3450...the safest strategy is still long on pullback/retracement...so, the best of luck! *plan your trade and trade your plan... gud luck* resistance : 3414-3450 support : 3350 lower support : 3200-3260 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 TRADING : 217) riding on the breakout tradethis is haidojo and the number is 217 ... as I said a day earlier, ride on the breakout trade today...so in the best of luck, you might harvest some profit but if encounter with bad luck, probably loss a small amount and not burning a hole in your pocket...with gud Money Mgm and proper risk reward, you dun need to be hitting more than 80% accuracy to stay profitable in the long run... remember, " a consistently profitable trader is an excellent loser " *plan your trade and trade your plan... gud luck* resistance : 3350 - 3414 support : 3200-3260 strong support : 3100-3120 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 - Make CPO Great Again..Go..Go..Yeah!!Is it possible to hit 3400 and sustain above 3000 per tonne???? Hell Yeah!! Lets take a look...1..2..3 ZZaaazzz~~ The global demand for palm oil is expected to contract by four per cent or 3.2 million tonnes due to the impact from COVID-19 Demand for palm oil stood at 71.48 million tonnes which leads to China’s palm oil demand and recovery post-pandemic.. . . For some reason.. 1 - It was reported that Malaysia is losing up to 25 per cent of its potential palm oil yield due to the labour shortage. As the world’s second largest palm oil producer, Malaysia relies on workers from countries such as Indonesia and Bangladesh, where they account for 84 per cent of its plantation workforce. 2 - Palm oil production is also facing lower growth due to the rainy season, a drop in fertilizer application, the decline in replanting activities as well as aging palm trees 3 - Major palm oil importing and consuming countries are also facing double reduction in imports and consumption this year 4 - USDA report for Soybean and Soybean oil is bullish. Today we shall see prices going up in the domestic market. On CBOT, Soybean trading up by +3% and Soy oil up by 1.5% . . . Till Then, Happy Trading & TAYOR Stay safe everyone.. Together we flatten the curve If you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight.
MYX:FCPO1!Long
by AbangManuK
1
FCPO TRADING : 215) waiting for breakout tradethis is haidojo and the number is 215 ... the price is approaching the resistance level at 3260-63...waiting for the breakout and ride on it...hahaha... if you dun trade breakout trade, then dun go for it... *plan your trade and trade your plan... gud luck* resistance : 3350 - 3414 immediate resistance : 3200-3260 strong support : 3100-3120 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! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
MYX:FCPO1!Long
by HAIDOJO_trading
Bullish breakoutFCPO has significantly made a bullish breakout from a symmetrical triangle, while Golden cross and uptrend line still intact. Our view is bullish, price may rally up to next Fibonacci resistance at 3344. Short term exit 2855 on 60 minutes timeframe and we would change our view if the price close below 2680. Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
MYX:FCPO1!Long
by ellynacci
3
FCPO TRADING : 212) long on retracementthis is haidojo and the number is 212 ... price doesn't hit back on the expected 3130- 3100 but hovering around 3160 and rebound... so, now change of plan...wait for fcpo-jan to either : 1) fall on our favor of 3130-3100 strong support...then LONG 2) wait for a breakout of 3160-3163 and trade a breakout trade...then LONG plan your trade and trade your plan... gud luck resistance : 3350 - 3414 immediate resistance : 3200-3260 strong support : 3100-3120 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! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
MYX:FCPO1!Long
by HAIDOJO_trading
Live FCPO Trade - 9 Nov'20- Market opened gap down and close on upbar with VSI. - Noticed that in the morning session, price is hovering just below the upper Downtrend line before closing. - Price did try to go up before move up but end up closing on the low with low volume; subsequent bars hold above the low of the opening bar (Evening session). - Price broke this line with high volume; subsequent bars it tried to climb back up but closing with a topping tail formation. At this bar, I set my EP at 1 bar below the low of the opening bar (3180) and another EP at 1 point below the low of the SO bar (3174). - Subsequently, both EP triggered and hit TP at 3166. Noticed that price at this bar touching the lower Downtrend line.
MYX:FCPOF2021
by mdalifalwi