MyTradingSpace_JK

July08 - CPO (1D) - Next test on 230x-3x Support CRUCIAL! ⚠️

MYX:FCPO1!   Crude Palm Oil Futures
CPO still playing within 230x-240x range, which has pretty much defined price movements back in June.
Next test on S1: ~230x will be crucial for CPO mid-term (3Q2020) outlook.

Slight biased to the bears as of writing. Shall S1 fail on next test, major target will be S2 zone.

Levels to Watch:
  • Major R: 244x-6x
  • Major S1: 230x-3x
  • Major S2: 220x-3x

Happy Hunting! 🏹🎯
-jk-

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