Feb18: FCPO (1D) - Sideways-Up btw 3.5-3.8k before breakout ððŪ
Sideways-Up bias before the eventual Longterm upside breakout to 4k & beyond, commodities are seeing across-the-board rise on hyper-inflationary risk, thanks to massive money printing.
CPO price bounced off major S @ ~3200, subsequently reach R1-R3 upside mentioned in previous post.
Expect further consolidation near wide range top (3500-3800) region, potential retest UTL, before the expected major breakout to 4k & beyond.
ðOverhead Resistance: 3.6-3.7k, 3.8k
ðSupport Zone: 3.5k, 3.4k
âïļ All R reached on bounce off range low (check out post link below)
âïļâïļ Major Breakout in progress on Longterm chart, link below
Happy Hunting! ðĨð
-jk-
CPO price bounced off major S @ ~3200, subsequently reach R1-R3 upside mentioned in previous post.
Expect further consolidation near wide range top (3500-3800) region, potential retest UTL, before the expected major breakout to 4k & beyond.
ðOverhead Resistance: 3.6-3.7k, 3.8k
ðSupport Zone: 3.5k, 3.4k
âïļ All R reached on bounce off range low (check out post link below)
âïļâïļ Major Breakout in progress on Longterm chart, link below
Happy Hunting! ðĨð
-jk-
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