Crude Palm Oil Futures
Short

FCPO, LOWER FOR WAVE 3

184
FCPO AUG 2021 CONTRACT
KEY LEVEL = 3831, 3852, 4064
CRITICAL LEVEL = 4260
10.06.2021

Trading below 3852 and 3831 would signal us that wave 3 is in play. Next reasonable target area for wave 3 will be between 127.8% and 161.8% Fibo ratio, 3472-3259 area.

As for today, we will monitor 4064 key level, trading above this level will cancel this wave 3 in 3 setup and price movement above our critical level of 4260 will cancel this setup.

I AM A GOOD TRADER - You only need one affirmation and this is it. Read these words every day until you don't have to read them anymore. =)

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