AbuOthman2020

AbuOthman2020

The FCPO market for the week of 7-11 October demonstrated strong bullish momentum, with the price breaking key resistance levels and forming higher highs. The key levels to watch for the upcoming week are the resistance at 4,322 and the support at 4,200. Traders should look for breakouts or pullbacks to these levels as potential entry points. Utilizing tools such...

AbuOthman2020

This chart offers a dual-timeframe analysis for the Crude Palm Oil Futures (FCPO) contract, where the left panel shows the 1-hour chart, and the right panel represents the 5-minute chart. Below the price action on both panels, we have an RSI (Relative Strength Index) indicator, which measures the momentum and helps in identifying overbought or oversold conditions.

AbuOthman2020

The chart shows two timeframes: 1-hour (on the left) and 5-minute (on the right), along with several technical indicators and horizontal lines that represent price levels. These timeframes provide a mixed view of both broader trends and more granular market behavior.

AbuOthman2020

FCPO is currently in wave 1 of wave 5, at Daily time frame. Could it be ending diagonal for long-term? Price 6000-6800 could achieve before reach the ends of this Impulsive Wave.

AbuOthman2020

FCPO has continue its downtrend move since mid-March.

AbuOthman2020

FCPO Dominant Break, TF Daily