FCPO Week 14 2024 - ready to go higher?

Long

Crude Palm Oil Futures (MYX_DLY:FCPO1!)

Mis à jour

MYX_DLY:FCPO1! Crude Palm Oil Futures

trendanalysis chartpattern fcpo fcpo1! fcpo1 fcpodaily fcpomalaysia fcpotrader fcpo! fcpolong fcpoweekly

I think FCPO has found a support last Friday. Price failed to continue lower instead there is a strong push to the upside. It is also align with the support area created in March. A push higher will probably target 4244. Once the resistance line have been breached then 4280 should be a new target.

Commentaire:

first TP hit.

Commentaire:

second TP hit. Stand aside for now.

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