FCPO market on 11 November 2024 reflected a blend of bullish technical patterns and supportive fundamentals. The decline in Malaysia's October palm oil stocks adds to the bullish case, reinforcing the idea that supply concerns could keep prices elevated. The daily chart’s uptrend remains intact, though the 5,200 level continues to act as a formidable resistance zone.
For tomorrow’s trading session, monitoring price action around 5,200 will be crucial. If this level breaks with volume, it could signal a continuation of the rally. However, if selling pressure persists, expect a potential consolidation or slight pullback to retest lower support levels, presenting strategic entry points for both intraday and swing traders.
As we await the next trading day, these technical insights and the latest news serve as a foundation for developing robust trading strategies in the ever-volatile FCPO market.
See full analysis from Master FCPO Trading website.
For tomorrow’s trading session, monitoring price action around 5,200 will be crucial. If this level breaks with volume, it could signal a continuation of the rally. However, if selling pressure persists, expect a potential consolidation or slight pullback to retest lower support levels, presenting strategic entry points for both intraday and swing traders.
As we await the next trading day, these technical insights and the latest news serve as a foundation for developing robust trading strategies in the ever-volatile FCPO market.
See full analysis from Master FCPO Trading website.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.