FCPO Q1 Outlook: Sideways-Up to ATH 4.4k-4.8k 📈🐮

2021年1月12日

Technicals

• Major S: 3.6-3.7k (nearest support) ; 3.2-3.4k (prev consolidation range)
  
• Major R: 3.8-3.9k ; 4-4.2k ; 4.4k (ATH) ; 4.8k (Weekly breakout projection)
  

👇🏻 Prev idea on potential CPO New Bull Cycle:


👇🏻 Dec Bullish Call on CPO:


🔔 Q1 Risk Factor to Watch:
Covid, Reinstating/further extension of MCO , Political instability (Malaysia), US President transition, US-China trade war (soybean oil deals), Geopolitical tension in Iran/Taiwan

I'm Long bias for FCPO in 1Q2021, looking to initiate Long positions shall Major S holds.

Happy Hunting! 🥂🚀
-jk-