HAIDOJO_trading

FCPO TRADING : 107) BEARISH ENGULFING IN DAILY CHART

MYX:FCPO1!   Crude Palm Oil Futures
hi, this is haidojo trading and trade 107)...as bearish engulfing candle has been formed in daily chart and 2 support levels have been broken down, we need to be cautious and consider a possible reversal has happened...Although according to my rules, we are still in uptrend, but thing has gone a bit ugly now...supports such as 2760 and 2700 have been broken...if u still persist on long, wait for the 2625-2630 level...

strong resistance : 2760 -2773 avg MEAN in past 10yrs


overhead resistance : 2700

support level : 2625-2630

lower support level : 2574-2560


WARNING : this is juz a trading idea...trade at your own risk!


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