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USD Malaysian Crude Palm Oil Calendar Futures

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CPO1! trade ideas

FCPO TRADING : 275) at the crossroad...again?this is haidojo and the number is 275 ... since we entering fcpo-june, fcpo price has been trading in sideway position, still indecisive of the trend. basically, the price has broken below the critical support of 3830-3880 support level, thus, it is in downtrend... however, it is not directional in any significant way...juz goes up a little higher, then a little lower... so now it has entered a boring "sideway" market... probably waiting for appearance of advanced pattern...advanced pattern is very rare in fcpo, juz a mere 6-8 trades in a year! yes, it is so rare that I basically give up trading advanced pattern in fcpo...but if it appears, I can still pinpoint them to u... u know, juz for case study... *plan your trade and trade your plan... gud luck* resistance : 4062 - 4176 support : 3830-3880 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
MYX:FCPO1!
by HAIDOJO_trading
2
Bearish BiasAs we could observed, FCPO for the last contract hit new ATH. However this week, June contract closed with Dark Cloud Cover candle, sharply at Fibonacci resistance 4.236 coincides with negative divergence seen on slow RSI. The price has violated a tentative uptrend line on Daily view, hence there could be chances for the price to work below this level for a certain period of time to neutralize the overbought condition. Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
MYX:FCPOM2021
by ellynacci
FCPO TRADING : 273) at the crossroadthis is haidojo and the number is 273 ... gudbye fcpo-may and welcome fcpo-june...as the new fcpo has arrived, it is still unaware which direction it is going... for the past 2 days, fcpo has been trading lower...but as long as the previous higher-low is not violated, then we still regard this is as a continuation uptrend...previous higher-low to observe is ranging frm 3820-3870...if this level is violated, then trend has reversed... till then, long on dip/retracement... *plan your trade and trade your plan... gud luck* higher resistance : 4334 - 4486 (high in 2008) current resistance : 3890 - 3967 (high in 2011) support : 3830-3880 (resistant-turn-support) WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
MYX:FCPO1!
by HAIDOJO_trading
FCPO_12/03/2021_Trend AnalysisFCPO 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.
MYX:FCPO1!
by goldong01
FCPO TRADING : 272) uptrend persists this is haidojo and the number is 272 ... after hanging in tight range for a few days, fcpo-may has stricken again! the market has gripped the uptrend flight again and now we can see the bull is dancing towards an uptrend staircase... what is interesting though is now we have past the previous high which was formed in early Jan this year, ranging frm 3830-3880... again, we have entered into the territory which was only appeared some 10 years ago...! Yes, the price which only showed up in 2011... now, this time it is unsure whether fcpo will shoot all the way up to challenge those level again...or subdue to the selling pressure... we anticipate the price to retest the level of 3890 - 3967...(You can look back in Jan 7th 2021 episode in the link below) however, something to take note is...fcpo-may is going to end soon...it will expire in a few more days...until next Tuesday, on 16th March 2021, then the new fcpo-June will emerge...whether fcpo-june will continue this bullish sentiment or sudden reverse to the bearish call is still too early to say...let's see what is expecting us next week... *plan your trade and trade your plan... gud luck* higher resistance : 4334 - 4486 (high in 2008) current resistance : 3890 - 3967 (high in 2011) support : 3830-3880 (resistant-turn-support) WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
MYX:FCPO1!Long
by HAIDOJO_trading
2
FCPO TRADING : 270) analysis hourly chartafter breaking down the big picture or the so-called the "bird's-eye view" frm daily chart, now we go to the lower timeframe at hourly chart... if the support level frm 3600-3645 can hold, then there is still a possibility that the market will rebound back...so till then, officially fcpo is in uptrend...yeah, I know, I know...we have a huge drop today...it didn't stop at all...it is pretty scary, etc... but as long as the critical levels are not broken, then we are still in the bull territory... however, if the previous low at 3600 is broken, then...the trend has changed...it has to be lower-low, lower close...not juz the "whiskers"... lower support after the breach of 3600 then we shall seek some support around 3540, then 3463-3500... *plan your trade and trade your plan... gud luck* higher resistance : 3830-3880---previous high resistance : 3720 support-turn-resistance (market is toying with us) critical support : 3600 the closest higher-low WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
MYX:FCPO1!Long
by HAIDOJO_trading
4
FCPO TRADING : 269) analysis daily chartfrm daily chart, we can look at the range for fcpo which is formed within a huge range frm 3200-3880...a 680-pts range... as for what has happened today, if a lower-high is formed (today a gap-up-went-down hits as high as 3820 before going down all the way to close at 3670) at 3820, then the previous 3880 became a history, and then we look closely at 3200, the lowest-low this year-2021... (lowest hit 3166 actually) and see if it is breached and forms further low... of course, all these numbers are too huge and requires a scrutiny to hourly chart to breaks it down... *plan your trade and trade your plan... gud luck* higher resistance : 3830-3880---previous high resistance : 3720 support-turn-resistance (market is toying with us) critical support : 3600 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
MYX:FCPO1!
by HAIDOJO_trading
2
FCPO TRADING : 268) 2 updates long story short---2 updates... 1) bearish cypher pattern becomes invalid as the X leg is violated... 2) the resistance level of 3720 has been breached...so long on retracement now...bull is back *plan your trade and trade your plan... gud luck* resistance : 3830-3880---previous high support : 3720 resistance-turn-support WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
MYX:FCPO1!Long
by HAIDOJO_trading
2
FCPO TRADING : 267) huge bearish cypher patternJuz as I thought the fcpo-may is going to go down, it went up straight away and ...still haven't proved me wrong... don't get this on the wrong side...this is not emotional, I am not trying to save my sorry arse...as long as the price didn't pass the previous high at 3720, we still don't know whether this is still a bearish call or a bullish call...however, if price breaks higher than 3720 and close abv it, then the trend has reversed...that's all I can say... as for my latest discovery, the price might form a bearish cypher pattern, and advanced pattern appears frm fixed ratio out of fibonaci... entry at 3670...market closed at this price, SL abv 3720, 1st tp at 3600, 2nd tp at 3540... personally, I don't trade this one as the SL is too big for my account size...more than 50pts...not gud... 2 levels to watch, if price breaks abv 3720---then turn to long...if price breaks below 3460, then turn to short... if it bounds somewhr in between, then consider advanced patterns/patterns...or other sideway strategy... if u don't trade sideway/consolidation, then juz stay away... PS : again, dun try to trade every possible trade and think u can outsmart the market, it juz won't work that way... I am thinking to name this one as "shit does happen" but I double-check my analyst last friday and really found no problem with that, EXCEPT that I left out the part of naming a possible rebound can reach as high as 3720...the previous high itself... for those who think that if I said the market is going to go down last week, then this week the market rebounds, then it is my fault, I got nothing to say...EXCEPT that I don't have magical wand or crystal ball...if you happen to know a strategy which works 100% all the time (even though I don't buy it), pliz share with me, I would want to know too... *plan your trade and trade your plan... gud luck* resistance : 3720 (abv this is bullish) support : 3600 lower critical support : 3460 (below this is bearish) WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
MYX:FCPO1!Short
by HAIDOJO_trading
2
FCPO1 (Palm Oil) - Mid Term Technical AnalysisWe expect a decrease in PALM and there are 3 reasons for this; The first of these is that we believe that Shoulder-Head-Shoulder formation occurs in PALM. The second reason is that the 70.10.10 Stochastic Indicator intersects from above. The last reason is the large Negative Mismatch on RSI. As a result, we expect the prices to decline to 2500 levels in the short/medium term. However, if the prices rise again, the first levels we will follow will be 3980 and around. It contains only personal views and opinions. Does not contain legal investment advice ...
MYX:FCPO1!Short
by EmoteK
FCPO TRADING : 265) a breakout frm head-and-shoulder patternbased on my analyst on 16th Feb 21, as long as the support range frm 3500-3540 hold, then we have a chance to see a rebound to further high, but unfortunately, that support level didn't hold. Instead, a breakout frm a classic head-and-shoulder pattern appears and a reversal has happened...the "neckline"---3540 has been broken down, and new low reached 3460...meaning that the 3500 support no longer valid...next level of structural support is visible at 3200-3300, although there is some support in 3420, let's see how it holds against the bear... officially, a lower-low is formed in hourly chart and a breakout frm the neckline of head-and-shoulder pattern indicate a strong sense of reversal to the bear... we are expecting a series of breakout to the downside and short on rebound is probably the market's offer right now... PS : some ppl/traders try to get involve in every single movement and expect themselves to be profitable every single time, that is ridiculous. u either follow the trend (trend-trader) or u do counter-trend trade (advanced patterns)...it is very rare that u have a strategy which works on both side...so stick to one...be safe... *plan your trade and trade your plan... gud luck* immediate resistance : 3540-3560 higher resistance : 3560 -3720 support : 3420 lower support : 3200-3300 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
MYX:FCPO1!Short
by HAIDOJO_trading
2
Feb18: FCPO (1D) - Sideways-Up btw 3.5-3.8k before breakout 📈🐮Sideways-Up bias before the eventual Longterm upside breakout to 4k & beyond, commodities are seeing across-the-board rise on hyper-inflationary risk, thanks to massive money printing. CPO price bounced off major S @ ~3200, subsequently reach R1-R3 upside mentioned in previous post. Expect further consolidation near wide range top (3500-3800) region, potential retest UTL, before the expected major breakout to 4k & beyond. 🔔Overhead Resistance: 3.6-3.7k, 3.8k 🔔Support Zone: 3.5k, 3.4k ❇️ All R reached on bounce off range low (check out post link below) ❇️❇️ Major Breakout in progress on Longterm chart, link below Happy Hunting! 🥂🚀 -jk-
MYX:FCPO1!
by jeanne_k