fcpo 28062024

 28 Jun: #FCPO had a strong start with good buying interest. The market experienced a breakout after a minor pullback, hitting another high. However, profit-taking washed out many traders later in the session. 

Soybean Oil 27062024

 27 Jun: #ZL tried to hold above the 44 level, but after a failed retest, selling accelerated and the market broke lower.

Micro E-mini Nasdaq

 27 Jun: #MNQ initially broke out but couldn't sustain the momentum. As buying interest waned, the market pulled back and ranged around the 20k level. 

Micro Bitcoin 28062024

 27 Jun: #MBT started with strong buying interest, and the price easily broke out of the range, moving towards the 63k level. 

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 27 Jun: #FCPO had a strong start but faced heavy selling, pushing the market down after the opening high was rejected. However, the market recovered after 3 PM. 

Micro Bitcoin 27062024

 26 Jun: #MBT's first setup failed as the 62k level rejection triggered a rebound that also failed. The market finally broke down after the opening range high was rejected, moving towards the 61k level below.

Mini Hang Seng 27062024

27 Jun: #MHI started with aggressive selling force, quickly selling down to the 17600 level and remaining stuck at the lower levels. 

 

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 26 Jun: #FCPO managed to break out higher on short covering, tracking Dalian's rebound despite overnight CBOT weakness. The market continued to rise after the lunch session, but buying interest wasn't strong enough to maintain the high price.

Micro E-mini Nasdaq 25062024

 25 Jun: #MNQ opened with strong buying interest. After several tests of the opening low, the market decided to break out toward the 20k level.

Soybean Oil 25062024

 25 Jun: #ZL opened but was rejected at the 44 level. The market quickly broke down from the opening range as selling accelerated, eventually losing the 43 level as well. 

fcpo 25062024

 25 Jun: #FCPO started with a powerful gap down. Apart from a sell-down at 2:30 PM, the market ranged mostly within the opening range for the rest of the session. 

Micro Bitcoin 25062024

 24 Jun: #MBT started with a breakout, but the trend wasn't ready. The market rebounded from the opening low but made a lower high, leading to buyers giving up. Eventually, the market broke through the significant 60,000 level.

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25 Jun: #MHI struggled to set its direction as several breakout attempts failed. The real action began after 2 PM, when buyers gave up and the market convincingly broke down below the 18,000 level.

Micro Bitcoin 20062024

20 Jun: #MBT broke down after 9 PM, with buying momentum dissipating. Buyers failed to defend the 65,000 level, leading the market to move towards 64,000. 

fcpo 21062024

21 Jun: #MHI opened weak and retested the open range from low to high. The EMA acted as resistance, leading to a swift rejection and a surge in selling momentum. Sellers successfully pushed the market further down, intensifying the downward trend.

fcpo 21062024

 21 Jun: #FCPO opened weak, attempted to move up initially but was rejected by the EMA and quickly went south, with selling accelerating later. 

fcpo 20062024

20 Jun: #MHI struggled to decide the direction, experiencing fakeouts on both sides until a real breakdown at 10:45 AM, with selling force accelerating. 

fcpo 20062024

20 Jun: #FCPO had a late breakout, with buying momentum starting during lunchtime and continuing throughout the session. The trend held till the end, despite weak first 20 days demand estimate. 

fcpo 19062024

19 Jun: #FCPO experienced an initial sell-down, which turned out to be a fakeout. Buying accelerated after lunch but lacked lasting strength. The breakout attempt was unsuccessful, and the market remained sluggish until the end of the session. 

mhi 19062024

19 Jun #MHI Market Review

The short-term outlook for Mini HSI appears cautiously bullish. Key observations:

*Potential bullish crossover in buying momentum.

*Recent price bounce from the 17,700 support level.

*Eyes on resistance at 18,500. 

*Breakout above could confirm uptrend.

fcpo 18062024

18 Jun: #FCPO opened weak due to a poor export outlook despite a recovery in Dalian. Selling pressure accelerated after lunch, and the market remained weak for the rest of the session.

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14 Jun: #FCPO initially broke down, but the EMA formation was not ready, leading to a reversal to a bullish formation. However, the buying force was unclear, likely due to rollover activities. Dalian came back stronger after lunch, and FCPO caught up, but it only rallied for 5 minutes before remaining range-bound for the rest of the day. 

fcpo 13062024

13 Jun: #FCPO opened strong, tracking Dalian's AM movement, but quickly turned south due to heavy selling pressure and struggled at the lower end throughout the day.

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12 Jun: #FCPO opened up and quickly broke out of the opening range with support from the buying force, maintaining its direction throughout the entire Dalian session.

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 11 Jun: #fcpo opened with a gap up but didn't sustain the gains. The opening range broke, and selling force kicked in, leading to a bearish formation that accelerated the sell-off until the Dalian market closed.

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 10 Jun: #FCPO opened with a gap down, tracking overnight CBOT losses. The market showed a lack of selling force and ranged while awaiting the monthly supply-demand report. The market remained sell-biased after a neutral report, trading mostly within the opening range without the influence of Dalian traders. 

May 2024 monthly supply-demand

The May monthly supply-demand report aligns with market expectations, so the upcoming FCPO trend will depend on when and how soon advance booking orders start coming in.

fcpo 06062024

6 Jun: #FCPO opened mixed initially. The second breakout was real, but the market was slow due to a lack of buying force until near 3 PM. Then, the market powered up, breaking past the two-day high. 

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June 5: FCPO opened weak, retested the 3950 resistance with weak buying force. Selling pressure increased sharply before lunch, and aggressive selling continued in the afternoon, making a new low.

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 04 Jun: #FCPO started with a powerful gap down, tracking heavy selling in Dalian, CBOT, and WTI. The market ranged after opening due to a lack of follow-through selling. However, selling pressure resumed after Dalian closed, with the market defending the 3900 level.