FCPO ( Palmoil futures )

Look like the downtrend have bottomed out

A new uptrend is in progress with a minor pullback before moving up higher

Needs to watch closely...

HAPPY NEW YEAR TO ALL MEMBERS & READERS

MERRY CHRISTMAS

TO ALL MEMBERS & FRIEND

WISHING ALL A HAPPY & JOYOUS CHRISTMAS

 

FCPO (palmoil) UPDATE(29/10/16)......ALTERNATE WAVES COUNT.

FCPO

After completing w1....the w2 retracement ( pullback ) is now done.

Is now processing the w3....

Minor wave "a" is done.

Now unfolding nicely the minor "b" retracement towards 2717...

The final target for this w3 is around 3000....it will be done in a 5 waves structures...

The major downtrend will resumes after this...


p/s.....the above is just my2c opinion....Trade at Your Own Risk.



NOTE : I am now focusing on trading the futures ( FKLI and FCPO ). It is more profitable to trading in the direction of the trend.....be it up or down.Holding period is much shorter than trading shares.Will do it on a daytrading basis.....meaning holding 1~3 days.

For those interested to subscribes to my existing groups ( Fkli & Fcpo ), please email me ( dsmyoung2011@gmail.com ) for more details.

DEVALI GREETINGS

WISHING MEMBERS & READERS

A HAPPY  & WONDERFUL

DIVALI

FCPO FUTURES ( Updated 17/8/16 12.30pm )

Today it is unfolding the minor wave (sw2) of the downtrending impulsive wave 5.

This small technical rebound (sw2)  will not go above 2633.

Most likely to resumes its downtrend today or tomorrow.

The coming up sw3 will have a minimum of 7 waves structure.

Trade at your own risks.


p/s....for those who wish to have a winning edge trading the above FCPO, pls email me for more details.

FCPO FUTURES ( Updated 16/8/16 12.30pm )

As expected the trend reversal is unfolding today.( Refer previous posting).

On opening....it gaps down.

It should continue to move south in a fast pace....the last impulsive downtrending wave 5.

Trade at your own risks.