FCPO update EOD 15/2/2016

Assalamualaikum and Good Day everybody.

1. 15.2.2016 - Last day for April Contract FCPO. Next active contract month is May.
2. ITS reported that export for 1-15 Feb 2016 was down by (16.11%) compared to 1-15 Jan 2016.
3. SGS reported that export for 1-15 Feb 2016 was down (14.16%)

OK. Finisih with fundamental. Lets look to the chart. What does it trying to tell us.

Zooming out, my reading of inverted Head & Shoulder still intact. However, Price is stuck at current resistance and pull back to previously RBS.

When we look into smaller scale - we can see the candle shows engulfing pattern, which is sign of reversal.

OK. That's it. Let's go hunting - on your preferred time frame.

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