Feb18: FCPO (1D) - Sideways-Up btw 3.5-3.8k before breakout 📈🐮

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.

🔔Overhead Resistance: 3.6-3.7k, 3.8k
🔔Support Zone: 3.5k, 3.4k

❇️ All R reached on bounce off range low (check out post link below)

❇️❇️ Major Breakout in progress on Longterm chart, link below

Happy Hunting! 🥂🚀
-jk-