As we generally know that CPO products usually have a bullish trend towards the end of the year due to short supply for any reason.
Therefore, if the price is still in bullish momentum, there are multiple possibilities.
New contract price range (FCPOF2022)
Possibilities :
1)If the uptrend is still strong, the JAN2022 contract will try to break higher and close beyond the trendline.
2)If today's price is still sideways, we are looking for a possible fake breakout/rejection for an uptrend.
3)If price valid breakout support, possible downtrend or retracement
Therefore, if the price is still in bullish momentum, there are multiple possibilities.
New contract price range (FCPOF2022)
Possibilities :
1)If the uptrend is still strong, the JAN2022 contract will try to break higher and close beyond the trendline.
2)If today's price is still sideways, we are looking for a possible fake breakout/rejection for an uptrend.
3)If price valid breakout support, possible downtrend or retracement
