mmdcharts

Malaysian CPO is still in Uptrend to MYR2,850

Long
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MYX:FCPO1!   Crude Palm Oil Futures
Malaysian CPO is in Uptrend after broke Resistance at MYR2,300 on Oct'19. It almost reaches the closest target at MYR2,700 but there is a fair chance it soon falls as Technical Correction.

The Technical Correction that might occur to at least to MYR2,400 - MYR2,500. Any movement beyond MYR2,400 should be suspect at the end of Uptrend.

Since Malaysian CPO is currently in the Uptrend phase, it could touch Resistance at MYR2,850 and even MYR3,200.
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