goldong01

FCPO_12/03/2021_Trend Analysis

MYX:FCPO1!   Crude Palm Oil Futures
FCPO price trend probably will continue rising to around level RM4,479. Thus, we need to pay attention on price action & candlestick pattern at level RM 4,479.

If there is a retracement at level RM4,479, it probably is a good entry point for short selling.

Furthermore, the current price support at around level RM3,933. There is a chance that the price may break through the support next week. If the said event really happens, it probably is a good entry point for short selling too.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.