FCPO MALAYSIA CRUDE PALM OIL FUTURES REVIEW FOR 19 SEPT 2011

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 5^th 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...