FCPO MALAYSIA CRUDE PALM OIL FUTURES BASED ON ANDREW PITCHFORK 60 MINUTE CHART By Tokan Corner :
As the chart and Andrew Pitchfork show. The FCPO has touched the Upperline of Andrew Pitchfork ( Down Trend ) on last 14 SEPT 2011 after Mad Bull Rampaging on last 10 minute last trade. It started when it breakout from 3020 point area. ( Last Wed Statement )
And as on last Thursday it do really gap down….. the market dragged about for 4 hour before it make it move on the 5th hours when the candle started to be outside of the Andrew Pitchfork Resistance Line and the Bull started to rampaging again till 3087 and closed at 3078 .
As for 19092011 Support Target area is at 3040 -3020 zone area for Support zone.
Resistance is at 3086 – 3100
Reminder !!! Below 3010 we might going to Bear Land Again.
Updated : Soybean Oil Price Chart From Forex Pros ( It may go down to 53.00 USD again ) Reminder PLS Put TS ok Guys J Read My Previous Post On Cpo : http://tokancorner.com/2011/09/bursa-malaysia-fkli-futures-trading/fcpo-malay...
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