Crude Palm Oil Futures

FCPO TRADING : 259) sideway strategy- bracketing the market

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his is haidojo and the number is 259 ...

fcpo-apr shows another round of sideway market now...so what to do now is bracketing the market...
set up the high---resistance and the-low---support... then in the middle what might happen is formation of advanced pattern in between...
(the one I draw with yellow-color)...
if the price breaks higher than the resistance- turn long
if the price breaks to the downside, lower than the support level, --turn short...

*plan your trade and trade your plan... gud luck*

higher resistance : 3460-3494

current support : 3305

lower support : 3220-3165

WARNING!
RISK DISCLAIMER
: this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!

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