Crude Palm Oil FuturesPembelian
FCPO at monthly Base trend line
Diupdate
FCPO price at monthly base trend line after reversing up from the weekly base trend line last week.
Bullish momentum may continue into August for the next monthly candle.
Shorter time frame in Chart H1 up trend fibonacci range confirmed. Price retesting the micro trend line from chart D1. If it broke trough again, price will then continue up towards the 2238 level in near term.
Chart H1 analysis link below:-
https://www.tradingview.com/x/qnTQU3QM/
Bullish momentum may continue into August for the next monthly candle.
Shorter time frame in Chart H1 up trend fibonacci range confirmed. Price retesting the micro trend line from chart D1. If it broke trough again, price will then continue up towards the 2238 level in near term.
Chart H1 analysis link below:-
https://www.tradingview.com/x/qnTQU3QM/
Catatan
Bullish momentum is retesting 2238 level again. Next target 2288 if momentum strength continues.
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