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.
I am a day trader sharing insights on futures trading. Views expressed are my own and not intended as advice.
Wednesday, June 5, 2024
Tuesday, June 4, 2024
fcpo 04062024
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.
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