Crude Palm Oil Futures

16AUG23 FCPOX23 1010AM Be conservative on long position

143
Intraday trading: My trading timeframe is 5 minutes.

1.Yesterday, the market rose 96 points from the market open, which is quite strong. However, it appears that buyers are losing their momentum, and may still trap into a bigger choppy environment, so only apply scalping strategy.

2.The key level to watch is 3692 & 3783. If the price falls aggressively to this level, you may consider applying a long setup here, but only anticipate a quick profit.
If price start to consolidate at these two level, abort setup.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.