Fcpo!
April11: FCPO (Weekly) - Bullish, R@4.4k, 4.6k, 4.8-5k 📈🐮🚀
🔅Fed continue with USD printing, US 10yr bond yield consistently rising touching 1.7-1.8%, US Stocks pumped by stimulus money...
🔅Across-the-board commodity spike especially food & grains...
🔅USD Index continue rising despite excessive printing, suppressing EM markets currencies (including our MYR)...
🌐These are all MACRO reasons why CPO will see higher prices going forward.
⚠️ Risk: CPO entering high-production cycle; fluctuating global export demands due to restricted economic activities; COVID recovery progress.
Maintain mid-term bullish view as per last posted ideas below.
❇️ Follow my TG channel for latest market updates. :)
Mar10 ATH call:
Q1 Bullish Call:
CPO Monthly Bullish Cycle:
FCPO TRADING : 278) uptrend is confirmedthis is haidojo and the number is 278 ...
so after some waiting, no advanced patterns, and sideway has retreated...now uptrend is back...
bull has gained its strength and long on retracement is the best offer frm market now...careful with full-force dropping!
enter only when the market starts to slow down...don't catch "a falling knife" ! that's all...
*plan your trade and trade your plan... gud luck*
resistance : 3875
support : 3500-3600
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!
FCPO - Support and Resistance on 24/03/2021 (Wednesday)This is a Support and Resistance for the trading on 24/03/2021 (Wednesday) only...!!!
It is valid on the said trading date.
Red 1: 4052
Red 2: 4034
Blue 1: 3990
Blue 2: 3940
Green 1: 3898
Green 2: 3879
Enjoy and feel it.
Hopefully, it's useful.
This is only for study and educational purposes only.
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!