FCPO Going Back to 2200 area?

Hi all,
As I write this, CPO market close at 2318 at 1800hrs.
On Soy Oil, it keeps tumbling until 48.00 region, So we can expect gap down tomorrow ( If Soy oil didn't create any suprise by going up before 1030hrs).

If the opening price shows gap down, It is a 3rd gap down for November...
The potential for bounce back is high there. Just be careful when taking any position this week.
With News on Palm oil inventories + export data....I think it is just another coincidence for the price to bounce back to 2300-2500 area, and continue back to BULL run....as unfavorable weather already limits our farmers from bringing out fresh fruits from palm oil estates.

Just watch out how FCPO reacts to all of these impact - Festival season (Cristhmas, CNY) ; Monsoon Season (limited supply, high demand) ; higher export.

All of this issue shall be reflected into chart -  We shall see it in form of Bullish reversal pattern....
I might be wrong, I may be right. So trade what you see at your own chart monitor ye....

Happy trading to all.