ShukAzriy

ShukAzriy

On 11/8/2021 and 12/8/2021, there are an attempt of breaking it's CC chart's ATH but unable to sustain above RM4425. As per 13/8/2021, the price closed at RM4474/mt and maybe looking for a slight retracement signal. Overall outlook, still looking very bullish and the price might be able to reach up to RM4800/mt in the near time based on the supply and demand data...

ShukAzriy

A clear and simple early indication by a MACD cross and RSI crossing the oversold region when attempting a breakout. Maybe in a short term target FCPO can reach up to RM4800/metric tan in future time. However, the price must break the all time high resistance at RM4530 to continue bullish momentum in the super-cycle period.