May17: FCPO (Daily) - Bulls Likely Take a Breather...🐮📉

CPO: Weekly & Daily Up-Channel top reached last week. 🚀✅
Coupled with slight momentum weakness on Hourly, suggesting an overdue retracement might finally take place.

In case of continued bullish momentum, mainly driven by macro reasons, look to R1: ~4.6k, R2: ~4.8k
Else, price may find support at S1, prev ATH, or UTL1.

❇️April11 Long Call hit R1, next will be R2...


❇️Midterm Bull Cycle: Strong Breakout from R2 marked below from Sept2020...



Happy Hunting! Stay Safe! ⭐️
-JK-