Palm oil prices remained strong due to rising in export demand while labor shortage, lower productions and inventories issues remained.
Palm oil market major trend remained UP.
However, near term likely to move within the range of 4950 (support) -5250 (resistance).
Strategies to apply:
Long when near Support level
Short when near Resistance level
With smallest stop loss apply until market break the ranging box.
Palm oil market major trend remained UP.
However, near term likely to move within the range of 4950 (support) -5250 (resistance).
Strategies to apply:
Long when near Support level
Short when near Resistance level
With smallest stop loss apply until market break the ranging box.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.