Will MCX Crude Palm Oil touch the 900?
Currently, MCX Crude Palm Oil (CPO) shows an uptrend. By following the ADX, we can say that the trend will rise because ADX is greater than 25 (ADX>25), and +DI is above the -DI.
Let's have a look at the volume. Volume spikes double of the average, so this also shows an uptrend, and it will go to the 900 - 920 - 960+.
Right now, the trend is crossing the parallel channel.
If it is excess, then Crude Palm Oil will start to fall to the following targets 836 - 810. It can be said by following the parallel channel.
Let's have a look at the volume. Volume spikes double of the average, so this also shows an uptrend, and it will go to the 900 - 920 - 960+.
Right now, the trend is crossing the parallel channel.
If it is excess, then Crude Palm Oil will start to fall to the following targets 836 - 810. It can be said by following the parallel channel.
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