Crude Palm Oil Futures
ืœื•ื ื’

Dec02: FCPO (1D) - Bullish Flag Target Pointing to 3.6-3.7k ๐Ÿฎ

549
CPO price consolidated past 1-2weeks, forming a nice launchpad towards higher price levels -- Bullish Flag pattern. ๐Ÿš€๐Ÿš€
Price still running in a mid-term up-channel, with an upside target zone: 3.5-3.6k & 3.7k; similar to which suggested by the flag.

๐Ÿ””Overhead Resistance: 3.4k, 3.5k, 3.6k, 3.7-3.8k

โ‡๏ธPrev idea still largely intact, only now with added bullishness from potential flag formation.
ืชืžื•ื ืช-ื‘ื–ืง

โ‡๏ธโ‡๏ธLongterm Outlook: R1 standing, Heading to R2
ืชืžื•ื ืช-ื‘ื–ืง

In long position for cpo, likely to be my closing trade for yr2020 local futures~ ๐Ÿ˜Žโญ๏ธ

Happy Hunting! ๐Ÿฅ‚๐Ÿš€
-jk-

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