Crude Palm Oil FuturesUpdated FCPO 21 Feb 2023 : Reaccumulate/Distribution?
1. So far price still uptrend movement in the channel.
2. Price still test EMA50 15min.
Expect sideway movement to form reaccumulation or distribution pattern.
5min :
1. Price breakdown EMA50 multiple times but back up again = Strong buyer still have upperhand
2. EMA12 still above EMA50 = uptrend
https://www.tradingview.com/x/uQ1HHoRU/
2. Price still test EMA50 15min.
Expect sideway movement to form reaccumulation or distribution pattern.
5min :
1. Price breakdown EMA50 multiple times but back up again = Strong buyer still have upperhand
2. EMA12 still above EMA50 = uptrend
https://www.tradingview.com/x/uQ1HHoRU/
Note
Trading opportunities?Big candle, Low volume near EMA12
Note
Sustain above trading range or break below?Note
Stopping volume Note
Another SV?Note
Multiple SVNote
Price below EMA12+EMA50.EMA12 below EMA50
Price now still in ranging mode
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.