Dec02: FCPO (1D) - Bullish Flag Target Pointing to 3.6-3.7k ðŪ
CPO price consolidated past 1-2weeks, forming a nice launchpad towards higher price levels -- Bullish Flag pattern. ðð
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.
ðOverhead Resistance: 3.4k, 3.5k, 3.6k, 3.7-3.8k
âïļPrev idea still largely intact, only now with added bullishness from potential flag formation.
âïļâïļLongterm Outlook: R1 standing, Heading to R2
In long position for cpo, likely to be my closing trade for yr2020 local futures~ ðâïļ
Happy Hunting! ðĨð
-jk-
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.
ðOverhead Resistance: 3.4k, 3.5k, 3.6k, 3.7-3.8k
âïļPrev idea still largely intact, only now with added bullishness from potential flag formation.
âïļâïļLongterm Outlook: R1 standing, Heading to R2
In long position for cpo, likely to be my closing trade for yr2020 local futures~ ðâïļ
Happy Hunting! ðĨð
-jk-
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