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Crude Palm Kernel Oil FuturesCrude Palm Kernel Oil FuturesCrude Palm Kernel Oil Futures

Crude Palm Kernel Oil Futures

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FPKO1! trade ideas

Palm Oil Near its Bottom Range The palm oil market on Bursa Malaysia has been range-bound, fluctuating between 4,400 and 3,250 ringgits since July 22nd. Currently trading near the lower end at 3,393 ringgits, there are indications of bullish divergence, suggesting a potential upward move. The breakout from the triangle at 3,900 ringgits led to a decline towards the bottom range of 3,250-3,200 ringgits ($850). Traders should monitor for bullish signs and consider the market dynamics for potential price reversal
MYX:FCPO1!Long
by ranamawais
trading IDEA FCPO 19/5Main Trend: Bearish Short Term Trend : Bearish Trading Plan: • Short – o If price unable to break above 3407. TP1= 3387 TP2=3366 SL=3420 o If price gap up but fail to break above 3433. TP1=3407 TP=3387 SL=3451 • Long – o If price break above 3407. TP1=3433 TP2=3450 SL=3387 o If price gap up above 3433. TP1=3450 TP2=3475 SL=3420 Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market.
MYX:FCPO1!Short
by POKSAWSAW