AbuOthman2020

AbuOthman2020

The FCPO market on 21 November 2024 highlighted the intricate dance between trend-following strategies and counter-trend opportunities. While the daily chart hints at a pivotal moment for the broader trend, the hourly and 5-minute charts revealed the nuanced dynamics of intraday reversals. As we gear up for tomorrow, staying vigilant around support and resistance...

AbuOthman2020

Today’s FCPO market action underscored the importance of aligning with the dominant trend across timeframes. While the daily chart remains in a bullish structure, shorter timeframes paint a bearish picture, suggesting caution for swing traders and opportunities for intraday sellers. As we move into tomorrow, traders should remain agile, focusing on pivotal levels...

AbuOthman2020

The FCPO market on 19 November 2024 was a blend of technical corrections and fundamental influences. The daily timeframe highlights overbought conditions, with the market testing support levels. The 1-hour chart illustrates a pullback at mid-term levels, balancing between support and resistance. Lastly, the 5-minute timeframe shows how intraday traders navigated a...

AbuOthman2020

Today’s FCPO market reflects a complex interplay between technical trends and fundamental factors. On the daily timeframe, the market's overbought condition and contract transition phase signal indecision. Meanwhile, the 1-hour chart confirms a mid-term pullback, and the 5-minute chart reveals bearish control over intraday movements. For tomorrow, swing traders...

AbuOthman2020

FCPO market demonstrated strength on November 15, 2024, across all major timeframes. The Daily chart shows a completed pullback with signs of bullish continuation, even as RSI approaches overbought levels. The 1-hour chart highlights robust support from moving averages and a confirmed CPR pivot, which bolstered intraday buying confidence. Finally, the 5-minute...

AbuOthman2020

FCPO market on 14 November 2024 demonstrates a strong bullish trend with minor consolidation phases across multiple timeframes. The daily chart suggests potential overbought conditions, but the bullish momentum remains intact. On the 1-hour chart, dynamic support from the moving average ribbon reinforces this trend, though CPR resistance warrants caution. The...

AbuOthman2020

In summary, the FCPO market on 13 November 2024 presents a mixed technical landscape: Daily Chart: Overbought with sellers in control; potential pullback. 1-Hour Chart: Bearish sentiment below CPR with dynamic support at the MA ribbon. 5-Minute Chart: Oversold indicators suggest a possible intraday bounce, but caution is warranted. Overall, traders should...

AbuOthman2020

Today's FCPO market displayed resilience amidst mixed signals. With reduced stock levels and higher exports fueling optimism, technical indicators now suggest a potential consolidation before the next big move. Swing traders should aim to capitalize on pullbacks, while intraday traders can look for high-probability entries on breakouts or rejections at key...

AbuOthman2020

FCPO market on 11 November 2024 reflected a blend of bullish technical patterns and supportive fundamentals. The decline in Malaysia's October palm oil stocks adds to the bullish case, reinforcing the idea that supply concerns could keep prices elevated. The daily chart’s uptrend remains intact, though the 5,200 level continues to act as a formidable resistance...

AbuOthman2020

The FCPO market on 8 November 2024 exhibited sustained bullish momentum across multiple timeframes, driven by robust demand expectations from Indonesia’s biodiesel policy, supportive global edible oil prices, and resilient technical levels. The daily chart reflects strong upward trends, despite an overbought reading, while the 1-hour and 5-minute charts align with...

AbuOthman2020

The FCPO market on 7 November 2024 demonstrates resilience, buoyed by supportive supply-demand dynamics and recent news. The daily chart confirms a bullish trend, while the 1-hour and 5-minute charts provide tactical insights for range-bound and intraday traders. With the Malaysian Palm Oil Board data set for release on 11 November, traders should stay informed...

AbuOthman2020

FCPO market was driven by a combination of bullish technical patterns and positive external news. The breakout from the symmetrical triangle on the 1-hour chart signals a potential trend reversal, and the market's ability to maintain its gains throughout the session suggests that buyers are firmly in control. However, the RSI levels indicate that the market may be...

AbuOthman2020

Today’s FCPO market on 15 October 2024 demonstrated a strong recovery from previous lows, primarily driven by buying interest around key support levels and news regarding lower palm oil exports and global crude oil price hikes. Technical indicators on both the 1-hour and 5-minute charts show a potential shift towards bullish momentum, although the market may...

AbuOthman2020

Combining H1 and 5-Minute Charts for Tomorrow’s Trading Plan Based on the technical analysis of both the H1 and 5-minute charts, the following conclusions and trading strategies can be drawn: Watch for a Breakout Above 4,400 (H1): A confirmed breakout above the 4,400 resistance level on the H1 chart could provide an opportunity for long positions, targeting...

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.