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USD Malaysian Crude Palm Oil Calendar FuturesUU

USD Malaysian Crude Palm Oil Calendar Futures

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CPO1! trade ideas

FCPO 22 April 2025 - Breakout With Follow-through Selling Yesterday's candlestick closed as a bear bar near its low. In our previous report, we said the odds slightly favor the market to trade at least a little lower. Traders would to see if the bears could create a follow-through bear bar to confirm the breakout below the 4000 level. If they do, we may see a retest of the January low around the 3850-3800 area. The bears got a follow-through bear bar and the night session also traded lower and has tested near the 3860 area. The bears want a retest of the January low. They got what they wanted. They want a large second leg sideways to down with the first leg being the April 2 to April 9 low. They hope to get a strong breakout below the January low area to test the 3800 area. The bulls want a reversal from a wedge pattern (Mar 25, Apr 9, and Apr 21) and a lower low major trend reversal. The problem with the bull's case is that they couldn't create strong bull bars with follow-through buying. They see the current move as a sell vacuum and a bear leg within the trading range. If the market trades lower, they want a failed breakout below the 3850 area. They must create strong bull bars to show they are back in control. Exports for the first 20 days are up ITS: 11.89%, AmSpec: 18.5%. Production is slowly picking up, but not in a big way yet. Refineries' appetite to buy physical remains lukewarm with the recent sharp falling market. The market remains Always In Short. So far, the move down since April 1 is in a tight bear channel with strong bear bars. The selling pressure is stronger than the buying pressure (bull bars with no follow-through buying). The breakout below the April 16 low is strong with follow-through selling. Traders want to see if the bears can create a strong retest of the 3850-3800 area and close tomorrow as a strong bear bar near its low. Or will the candlestick close with a long tail below and above the middle of its range instead? If there is a climactic spike down, traders will see if there will be profit-taking activity after that (over the next several days). For now, odds slightly favor the market to trade at least a little lower. Traders will see if the 3800-50 area can act as support or if the market will break down below with strength.
MYX:FCPO1!
by Tech_Trader88
FCPO / Crude Palm Oil - 21 April 2025 Daily Chart Analysis Yesterday's candlestick closed as a bear bar near its low with a prominent tail above. In our previous report, we said the market formed a tight trading range in the last 3-4 days (small yellow box). The market is in breakout mode. Traders will wait for a breakout from either direction and trade in the direction of the breakout. The market formed a breakout below the 4000 on Friday. The bulls want a reversal from a wedge pattern (Mar 25, Apr 9, and Apr 18) and a lower low major trend reversal. The problem with the bull's case is that they couldn't create bull bars with follow-through buying. They must create strong bull bars to show they are back in control. The bears want a retest of the January low. They want a large second leg sideways to down with the first leg being the April 2 to April 9 low. They got a breakout below the April 16 low on Friday. They need to create sustained follow-through selling to increase the odds of a measured move down. Exports for the first 15 days are up ITS: 16.95%, AmSpec: 13.55%. Production is slowly picking up, but not in a big way yet. Refineries' appetite to buy physical remains lukewarm with the recent sharp falling market. The market remains Always In Short. So far, the move down since April 1 is in a tight bear channel with strong bear bars. The selling pressure is stronger than the buying pressure (bull bars with no follow-through buying). Because this week closed near its low, the market may gap down next week. Small gaps usually close early. Traders want to see if the bears can create a follow-through bear bar to confirm the breakout below the 4000 level. If they can create follow-through selling, we may see a retest of the January low around the 3850-3800 area. Or will the market lack follow-through selling, and reverse back above 4000 instead? For now, odds slightly favor the market to trade at least a little lower.
M
by Tech_Trader88
FCPO / Crude Palm Oil CPO 18 April 2025 Daily Chart Analysis Yesterday's candlestick closed as a bear bar near its low with a long tail below. In our previous report, we said the bulls need to create consecutive bull bars closing near their highs to increase the odds of a minor pullback towards the 20-day EMA or April 10 high area. The market traded above the prior day's high (16 April) but the follow-through buying was limited. The market then reversed to close near its low. Currently, in the night session, the market gapped up and is an inside bull bar with a prominent tail above. The bulls want a reversal from a wedge pattern (Mar 25, Apr 9, and Apr 16) and a lower low major trend reversal. While the market traded higher today (April 17), the bulls couldn't create sustained follow-through buying. They must create consecutive bull bars closing near their highs to increase the odds of a retest of the 20-day EMA or the April 10 high. They hope tomorrow (Friday) will close as a strong bull bar so the weekly candlestick will have a long tail below and close above the middle of its range. The bears want a retest of the January low. They want a large second leg sideways to down with the first leg being the April 2 to April 9 low. They see the current move forming a double top bear flag (April 15 and April 17). They want a strong retest of the April 16 low, followed by a strong breakout below. They want a big bear bar closing near its low tomorrow (Friday) so that the weekly candlestick will be a strong bear bar. If this is the case, the odds of the market trading at least a little lower the following week will increase. Exports for the first 15 days are up ITS: 16.95%, AmSpec: 13.55%. Production is slowly picking up, but not in a big way yet. Refineries' appetite to buy physical remains lukewarm with the recent sharp falling market. The market remains Always In Short. The recent selling has been climactic and slightly oversold. However, the bulls attempted to create reversals in the last 2 days but both times had limited follow-through buying, with the market reversing to close lower. The bulls are not yet strong. The move down since April 10 has a lot of overlapping candlestick. (see the 4 hr chart below). While the tight bear channel means persistent selling, the overlapping candlesticks indicate a weaker down phase than the first leg down (April 2 to April 9). The market formed a tight trading range in the last 3-4 days (small yellow box). The market is in breakout mode. Traders will wait for a breakout from either direction and trade in the direction of the breakout. Until then, traders may continue to Buy Low and Sell High (between 4000 and 4080). The U.S. market will be closed tomorrow for Good Friday. For now, traders will see if the bears can create a strong bear bar breaking below the April 16 low. Or will the market trade sideways followed by a retest and breakout above the 4080 level instead?
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by Tech_Trader88
FCPO - Crude Palm Oil 17/4/2025 Daily Chart Market Analysis Yesterday's candlestick closed as a bear bar in its lower half with a small tail below. We said that the recent selling has been climactic and slightly oversold. Perhaps we may see a minor pullback towards the 20-day EMA or April 10 high area? The market attempted to reverse higher but sold off in the last 30 minutes. Currently, the candlestick is a small bull inside doji. The bulls want a reversal from a wedge pattern (Mar 25, Apr 9, and Apr 16) and a small double bottom (Apr 9 and Apr 16) They see the current move simply as a retest of the April 9 low and want a reversal from a lower low major trend reversal. They see the last 3 trading days forming a micro wedge (Apr 14, Apr 15, and Apr 16). They must create strong bull bars with follow-through buying to increase the odds of a TBTL (Ten Bars, Two Legs) pullback. They want a retest of the 20-day EMA or the April 10 high. The bears want a retest of the January low. They want a large second leg sideways to down with the first leg being the April 2 to April 9 low. If the market trades higher, they want the April 10 high or the 20-day EMA to act as resistance, followed by a reversal from a double-top bear flag. Exports for the first 15 days are up ITS: 16.95%, AmSpec: 13.55%. Production is slowly picking up, but not in a big way yet. Refineries' appetite to buy physical remains lukewarm with the recent sharp falling market. The market remains Always In Short. The recent selling has been climactic and slightly oversold. The move down since April 10 has a lot of overlapping candlestick. (see the 4 hr chart below). While the tight bear channel means persistent selling, the overlapping candlesticks indicate a weaker down phase than the first leg down (April 2 to April 9). The bulls need to create consecutive bull bars closing near their highs to increase the odds of a minor pullback towards the 20-day EMA or April 10 high area. So far, they have not yet been able to do so. If the bears get a strong breakout below the April 9 low with strong follow-through selling instead, the odds of a retest of the 3850-3900 area will increase. Let's monitor the buying/selling pressure tomorrow. Possible resistance area to pay attention: around the 4040-50 to 4070 area.
M
by Tech_Trader88
15) FCPO : uptrend persists this week update frm 13), price frm fcpo-apr has broken abv the previous HL, 4280 on 28th and 31st Jan 2025. Again, I have missed some really exciting moves bcox of my absence in holiday. Price might move back to 4300-4330 or even 4280 IF it is a deep retracement, form some kinda base thr and rebound. price could oso gap up further around 4420-4480 as bull pushes further, after testing 4400-4415 tdy. previous Higher-Low was at 4265-4255 and IF this level is broken, THEN the trend has reversed. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MLong
by HAIDOJO_trading
FCPO 16 April 2025 - Palm Oil Daily Chart Analysis Yesterday's candlestick closed as a bear bar in its lower half with a prominent tail below. Currently, the market is a small bull inside bar trading near its high. The bulls want a reversal from a wedge pattern (Mar 25, Apr 9, and Apr 15) and a small double bottom (Apr 9 and Apr 15) They see yesterday's move simply as a retest of the April 9 low and want a reversal from a lower low major trend reversal. They must create strong bull bars with follow-through buying to increase the odds of a TBTL (Ten Bars, Two Legs) pullback. They want a retest of the 20-day EMA. The bears want a retest of the January low. They want a large second leg sideways to down with the first leg being the April 2 to April 9 low. If the market trades higher, they want the April 10 high or the 20-day EMA to act as resistance, followed by a reversal from a double-top bear flag. Exports for the first 15 days are up ITS: 16.95%, AmSpec: 13.55%. Production is slowly picking up, but not in a big way yet. Refineries' appetite to buy physical looks lukewarm with the recent sharp falling market. The market remains Always In Short. The recent selling has been climactic and slightly oversold. Perhaps we may see a minor pullback towards the 20-day EMA or April 10 high area? Let's monitor the buying/selling pressure and if the bulls can create strong follow-through buying tomorrow.
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by Tech_Trader88
FCPO WEEK 16 2025: 50-50 price action.There is an argument for bullish price next week. However as it stands now the price is still in the 50-50 price action. There is not enough argument to confirm bullish movement. Meaning there is possibility also that it might go south next week. Scenario 1: If price stays above the 4000 and push higher then it will be bullish. Possibly towards 4500. Scenario 2: If price move below and stays below 4000 then bearish is back in control to push price possibility towards 3700. Start of the week it will be reactive mode.
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by edramlan
1
FCPO Week 11 2025: Bullish likely to continue.Price move higher as expected. It is now at resistance level. Scenario 1: Price break through and close above 4638 - Price will likely going forward to TP2. Scenario 2: Price help up at resistance and make retracement towards 4560 to 4550 area. If the area holds then it will continue higher towards TP1 and eventually TP2. This is the best scenario since price will have strong based to go higher. Scenario 3: Price breakthrough and close below support then price will likely targeting area below 4500 and even lower towards 4400. Let's see the opening on Monday. Happy trading.
MLong
by edramlan
3
FCPO Week 10 2025: Still 50-50.There is a hint that the price might continue higher. 4480 to 4470 is a support area and it seems to be holding right now. However in order to continue higher price needs to overcome the current resistance area which is around 4560. Closing above the resistance will open the door to 4630 level. That is scenario 1. For scenario 2, if price close below 4470 level then it most probably going lower initially to 4400 level and possibly lower towards 4350. For now it is still wait and see condition. Good luck!
M
by edramlan
2
23) FCPO : Bear is making its call, but possible reversal...?update frm 20), Fcpo-May were in bearish last week but price frm 4500 is still holding. At least, it is still holding at 4490 and what so special about the end of the week was, formation of Double-Bottom which seemed more like a "Higher-Low" was formed. Price was able to rebound frm low and was tapped out at 1560 resistance. Fcpo-May needs to break above 4576, the previous lower-high (blue-line), to confirm a possible shift-of-trend. Higher resistance is at 4622-4634 and 4700. -IF the bear pulls back the price, THEN market will find some support at 4528-4490. -IF price is below 4490-4500, THEN lower support is at pretty far at 4400, 4300. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MLong
by HAIDOJO_trading
20) FCPO : Bull might come to an end...or juz correction?update frm 19), Fcpo-May will continue next MOnday, 24-28th Feb 2025, the last week in month of February. What happened last week was fcpo-May made what seemed like a false breakout, 4700-4720, then quickly went down. The range of 4634-4700 is important for bull to stay afloat. Price breaking below 4634 indicates the possible reversal of trend. Price within 4634-4700 is bull...IF bull is aggressive, THEN it may gap up abv 4720 and higher. IF the market is mild drop, THEN it will range frm the 4555-4634 but it is still bearish. IF market falls below the 4500-4560, THEN the next level is pretty low at 4400-4300, THEN it is a strong bearish market. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
M
by HAIDOJO_trading
19) FCPO : uptrend resumes...???update frm 16), price frm fcpo-apr has come to an end. Fcpo-May will appear next MOnday, 17-21st Feb 2025. What happened last week was unpredicted. Price gapped up to 4640-4700 then sank lower to the 4630-4650 range. The next day, it gapped down 30pts to 4620 and fell to 4540, then rebound back to 4630... IF the market is aggressive drop, THEN it will hit the 4540-4490. IF market falls below the critical 4490(4487 to be precise) which is also the previous higher-low, THEN market has probably reverses. IF the market is slow-ish, THEN it will lower back to 4600-4540. IF the market continues bullish, price has to break abv 4600-4630, and retest the latest high at 4700. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
M
by HAIDOJO_trading
16) FCPO : uptrend resumes...update frm 15), price frm fcpo-apr has resumed to break to higher-high, above the previous 4400-4420, making the uptrend continues higher at 4600 now (close to). Previous resistance is now the support level, which is 4500-4540. The overhead resistance ranges frm 4630-4650. IF the market is aggressive(since fcpo-apr ends this week), THEN it will hit the 4630-4650 immediately and go further up. IF the market is slow-ish, THEN it will lower back to 4500-4540 and play some tug-of-war with bear but Bull is still the major preference. OR tangling between 4540 -4630 region. IF market falls below the critical 4490(4487 to be precise) which is also the previous higher-low, THEN market has probably reverses. That's all for tdy. Happy Thaipusam and hapi holiday. Happy hunting. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MLong
by HAIDOJO_trading