Malaysia Crude Palm Oil Futures (UPDATE 2)

Since the previous update, the CPO futures broke the tekan sen and gave both day traders and swing traders rewarding opportunities. The T2 – 2293.86 and T3 – 2141.28 is the next support level. At this point of time, because the market had been bearish trending strongly, it would be wiser to look for pullback trades to keep risk low.

Below is the updated chart:

CPO-M

 

 

 

 

 

 

 

 

 

 

 

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About the Author Maneshkumar Patel