#fcpo #palmoil #cpo
https://www.facebook.com/DmaWorksblog/
I am a day trader sharing insights on futures trading. Views expressed are my own and not intended as advice.
#fcpo #palmoil #cpo
#fcpo u-turn closes higher from heavy losses. The bull reclaims 5MA after a false break of the bullish gap area and foresee many wild swings like this is coming.
https://www.facebook.com/DmaWorksblog/
#fcpo end lower and lost 5MA. The market could be in correction as bullish momentum is losing and 5MA has broken again. The bullish gap area will be the next defend for the bull.
https://www.facebook.com/DmaWorksblog/
#fcpo surprise u-turn from a bullish gap up to a loss. There is no easy money for bull nowadays. Although the bullish momentum is losing, the market should be in an upward wild swing until 5 MA support is confirm broken.
https://www.facebook.com/DmaWorksblog/
#fcpo end new swing high and reclaim 5 MA. It back to upward wild swing again until 5 MA support is confirm broken.
https://www.facebook.com/DmaWorksblog/
#fcpo end below 5 MA. I think the market maybe is due for correction as the bull has lost 5MA and momentum is weakening.
https://www.facebook.com/DmaWorksblog/
#fcpo end lower as CPO maybe overvalue. I should watch out 5 MA support, failure to defend meaning buyer losing momentum and this will trigger profit-taking.
https://www.facebook.com/DmaWorksblog/
#fcpo have a wild swing last hour ended with a small loss. I still think it should be an upward wild swing until 5 MA support is broken.
https://www.facebook.com/DmaWorksblog/
#fcpo hit another multi-year high again. Although the market is heavy overbought, it should be an upward wild swing until 5 MA support is broken.
https://www.facebook.com/DmaWorksblog/
#fcpo end another high after early selling. It should be an upward wild swing while 5 MA support still valid.
https://www.facebook.com/DmaWorksblog/
#fcpo closer higher after wandering positive negative territory. Remains upward wild swing while 5 MA support still valid.
https://www.facebook.com/DmaWorksblog/
#fcpo closer higher rebound from 5 MA support. Maintain upward wild swing while 5 MA support still valid and watch out for the coming MPOB production data release.
https://www.facebook.com/DmaWorksblog/
#fcpo closer lower after fakeout multi-year high. Maintain upward wild swing while 5 MA support still valid.
https://www.facebook.com/DmaWorksblog/
#fcpo breakout multi-year high in final minutes of trading. It should be an upward wild swing still while 5 MA support still valid.
https://www.facebook.com/DmaWorksblog/
#fcpo trim gains after break previous high. Maintain an upward wild swing view while R2 & 5 MA support still valid.
https://www.facebook.com/DmaWorksblog/
#fcpo gap up strongly from R1 & 10 MA, indicating the bearish engulfing pattern has little use. MA back to bullish formation, expect more upward wild swing coming if the buyer can breakout 3115~3123 level.
https://www.facebook.com/DmaWorksblog/
Although #fcpo found support from 10 MA, the short term doesn't look good, the market might wild swing in 5~50 MA for the next direction.
https://www.facebook.com/DmaWorksblog/
#fcpo close in bearish engulfing, the last occurrence of this pattern causes serious damage to the trend. Buyer must prove themself by defending R1 and reclaims 5 MA else clearly shows the shift in momentum to the downside.
https://www.facebook.com/DmaWorksblog/