Salam & Hi,
Attached herewith are analysis on FCPO & Soy Oil.
As seen in the picture, both are in bullish mode since couple of weeks ago. So, for me, I'll wait at support before resume buying again.
Happy trading to all.
FCPO
SOY OIL
Saturday, November 12, 2016
Assalamualaikum & Good day everybody.
As analysed last week, CPO did a shoot up (much faster than I anticipate).
Next week, whether it continue to find another high or not, is still unknown.
With Price moving too fast and too hot, it need to come back to support area before resume.
Therefore, keep your calm and patient.
Wait at support area and wait for the trigger to surface itself.
Identify your risk & Stop area.
Then, let it go.
No chart for this week.
Malas nak taruk... hehe.
Possible support - 2863; 2903
Happy trading
As analysed last week, CPO did a shoot up (much faster than I anticipate).
Next week, whether it continue to find another high or not, is still unknown.
With Price moving too fast and too hot, it need to come back to support area before resume.
Therefore, keep your calm and patient.
Wait at support area and wait for the trigger to surface itself.
Identify your risk & Stop area.
Then, let it go.
No chart for this week.
Malas nak taruk... hehe.
Possible support - 2863; 2903
Happy trading
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