9 April 2014: Update on FCPO 6pm

FCPO

If tonight, SBO continue to go up (i believe it will), then, CPO might breakout from diagonal.
Lets see how the big hands going to react to it.

To me, there is nothing on Fundamental of CPO can push the price up high unless the other alternative oil is (SBO).

Tomorrow MPOB data will be released. I think most of data is within expectation.

9 April 2014: FCPO: can it breakout it diagonal pattern?

FCPO

Can it break the diagonal pattern in coming days? or it will continue to plunge once reach the trendline.

To me now, only SBO can push up FCPO price. There is no fundamental for Palm oil to me. This is including currency MYR which is not favoring to importer.

FCPO : Where is the next direction?

FCPO
TF15

Now, at critical level. Either break or rebound. Need another factor to sustain the price. If Monday morning Soybean continue to slip, then expecting price to go lower.

FCPO : TF5 Bearish Butterfly Pattern

FCPO

Bearish Butterfly Pattern

1st TP already reached at 1.618 fibo.
2nd TP at 2.618 fibo. Will be around 2363.
 

FCPO : Daily chart update 9th Sept

FCPO

The whole day today was selling down. FCPO dropped RM42 to close at RM2402.
Bearish Engulfing with PSAR bearish. Possibility to close the gap.


For Soybean Oil, previous harmonic pattern still valid. Price now reached 1.27% Fibo. If cannot hold, then will go to 2nd TP at 1.618%.

KLCI & FCPO : Update chart on KLCI, FCPO, SOYBEAN, USD/MYR 5th Sept

FCPO

TF60

FCPO - Update view on FCPO and SOYBEAN 3rd Sept

FCPO

FCPO - Daily FCPO, SOYBEAN, CL, USD/MYR update 29th Aug

FCPO

This is Daily chart. Same chart used in previous post. Price retreat when almost reach at the resistance zone. The hidden bearish divergence existed with price slightly lower than previous peak (2485 compared to 2491). It can be called double top too because this slight difference can be ignored and the RSI shows the divergence.

FCPO - Daily Chart CPO, SOYBEAN, CL updates 27th Aug

FCPO

Shooting star in the making?

Tomorrow candle will confirm whether reversal will take place or not.
However, price was showing its weakness on attempt to break the trend resistance this morning.

FCPO : Hourly, Daily and Weekly Outlook 25th Aug 2013

FCPO

Lets look at Long term first. (Weekly)

If you look at above chart, I included trendlines, harmonic patterns, Fibo Retracement and Fibo Time Extension.

FCPO: the start of downtrend or correction?

FCPO
Daily EOD

13th June

FCPO : Waiting for wave 3 (*update)

FCPO
12th June
Noon break *updates

TF15

FCPO : Correction is over ?

FCPO
11th June
EOD

TF60

FCPO - retouched 2441 again. (*update)

FCPO
11th June
Noon Break

TF60

FCPO : EOD 10th June

FCPO
EOD 10th June

TF60

FCPO - Correction continues 10th June Noon break *Updates

FCPO
10th June (Break Time)

TF15

FCPO : Correction again.

FCPO

FCPO: Wonderful uptrend in the AM (*update).

FCPO 7th June (12.30PM)
TF15

FCPO: The end of Impulse wave?

FCPO 6th June
EOD
TF60

FCPO : how to identify wave..

FCPO

Just sharing