one of the critical support 3010 is broken today...I believe market is trading towards the downside...expecting more selldowns afterwards...of course, market is a bit volatile when it closes to the 16th of the month, the exchange date...If you trade fcpo long enuf, you will know what I mean...fcpo-march is going to experience low vol soon as fcpo-Apr will emerge as the new active month...
the trend should be clearer after the 16th Jan 2020, but still, market might has bias towards the downside now...unless higher-high is made after the 16th, a breakout of the price exceeding the 3150 then we shall see the price challenges new high after that...
a broken to the downside will see the price retest the previous resistance-turn-support level such as 2930...as shown in the diagram, has been tested multiple times before the new highs are set...
the trend should be clearer after the 16th Jan 2020, but still, market might has bias towards the downside now...unless higher-high is made after the 16th, a breakout of the price exceeding the 3150 then we shall see the price challenges new high after that...
a broken to the downside will see the price retest the previous resistance-turn-support level such as 2930...as shown in the diagram, has been tested multiple times before the new highs are set...
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