Is Palm Oil About to Explode? The Last Commodity Yet to Catch UpIs Palm Oil About to Explode?
One thing I've learned over the years is that markets rarely move in isolation. When several related markets start telling the same story, it's worth paying attention.
Over the past few weeks, I've been monitoring four commodities on the weekly chart: crude oil, heati
Compare with Crude Palm Oil Futures
FCPO: Sticking to bearish idea.Overall still thinking that price is bearish. A current push up is still internal within the range of top at 4918.
To keep bearish going price needs to break the 4588 level. A close below here will probably move price towards the low of 4372.
However if price continue to push higher and break 4786 t
MARKET DALAM KENAIKANLast week, the market broke above the bearish resistance, confirming a shift in market structure and starting a bullish move. As a result, the market moved higher instead of continuing the bearish trend as previously expected.
At the moment, FCPO remains in a bullish bias, with 4,691 acting as the
Bias Bearish Masih KekalThis week, the market moved into the previously marked pullback zone before consolidating for a while and eventually continuing its bearish move, aligning with the previous outlook.
At the moment, FCPO is still trading within a bearish market structure . Price is currently attempting to break be
FCPO: Bearish bias.Price is still within range between 4715 and 4370.
4H structure shown that overall price is moving lower.
Next week the target is for price to move lower towards 4520, 4438 and 4370.
If price can close below 4370 (maybe not next week) then the overall target would be the imbalances within the 4100 a
FCPO: Long or Short?MYX:FCPO1! Price stuck in range. If you like trading ranges then this is your market.
So where is next?
If price can break 4689 and close above it then we are breaking higher.
If price instead move lower and break Support #2 then it will be a long way down. Perhaps towards below 4000.
Since price
FCPO: Bullish?MYX:FCPO1! stuck in range between 4370 to 4687. If you plot the area you can probably see an ascending triangle developing. Top of the triangle is a horizontal line connecting two swing high at 4687. If price break and close higher then price would probably going bullish.
Right now price is more o
fcpoFCPO Technical Analysis: Bearish Quasimodo AlignmentExecution: SELLRationale: The FCPO chart has formed a structural Quasimodo pattern (Over-and-Under structure). Price successfully created a Higher High followed by a Lower Low, breaking the minor market structure. Selling on the return to the Left
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The nearest expiration date for Crude Palm Oil Futures is Apr 15, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Crude Palm Oil Futures before Apr 15, 2025.









