From TradingView · · 30s
FCPO Pullback or Bearish Reversal
Crude Palm Oil Futures show signs of bearish reversal after weak expansion near resistance.
In brief
Crude Palm Oil Futures show signs of bearish reversal after weak expansion near resistance. Crude Palm Oil Futures may reverse bearishly if they fail to hold 4,777 support. Originally reported by TradingView.
Price Action
Crude Palm Oil Futures show weaker expansion near resistance, making early-week retracement plausible.
Support Levels
Initial support at 4,777, followed by 4,753, 4,754; failure here points to 4,736, 4,730.
Bearish Case
A completed 1H break below 4,780, 4,781 followed by failed reclaim strengthens bearish momentum.
The takeaway
Crude Palm Oil Futures may reverse bearishly if they fail to hold 4,777 support.
