Monthly Archive August 2017

David Lee & TGY ByDavid Lee & TGY

FKLI & FCPO Trade Ideas 30 Aug 2017

 

FKLI Trade Ideas

FKLI broke out of the 1,767 support and plunged to 1,755.5. Based on the latest price action, these are our latest trading plans for tomorrow. We will be looking for opportunities to long if prices above 1,760 and price action forms higher highs and lows as well as 1hr 10.20 gc. Uptrend targets will be 1,767 and 1,783. Risk management will be 1,755.
On the other hand, FKLI likely to trigger a further strong downtrend if prices closed below 1,760 and 1hr 10.20 dc. Downtrend targets will be 1,750 and 1,740. Risk management 1,765.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FKLI Trading Plan

Trend 4hr 10.20 gc
4hr macd dc
Level support 1767, 1760, 1750
Resistance 1775, 1783, 1800
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 1760 and/or 4hr macd gc
Cut loss 1755
Profit 1767…1783
Short if 1hr 10.20 dc + 1hr closing price below 1760 and/or 4hr macd dc
Cut loss 1765
Profit 1750…1740
————————–

FCPO Trade Ideas

FCPO continued its downtrend today and moved closer to our 2,700 target. The benchmark palm oil futures closed at 2,711 today. As a result, we are still on short biased as long as prices below 2,750 and price action forming lower lows and highs. For added confluence traders can ensure EMA10.20 remained deadly crossed in 1hr chart. Downtrend targets are 2700 and 2650. Risk management is 2,770.
We only look for buying opportunities IF prices stay above 2,750, price action forms higher highs and 3) 1hr 10.20 remain golden cross. Risk management at 2,730. Uptrend targets will be 2,800 and 2,850.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FCPO Trading Plan

Trend 4hr 10.20 gc
4hr macd gc
Level support 2700, 2650, 2621
Resistance 2750, 2800, 2850
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 2750 and/or 4hr macd gc
Cut loss 20pts or 1:2 ratio
Profit 2800…2850
Short if 1hr 10.20 dc + 1hr closing price below 2750 and/or 4hr macd dc
Cut loss 20pts or 1:2 ratio
Profit 2700…2650
All rights reserved. The above message is for Intensive Futures Program students only. If you are not the intended recipient, disclosure, copying, distribution or use of the contents of this message is PROHIBITED. If you have received this message in error, please notify info@davidleetgy.com immediately.
David Lee & TGY ByDavid Lee & TGY

FKLI & FCPO Trade Ideas 29 Aug 2017

FKLI Trade Ideas

FKLI entered its 12th trading day of consolidations, with prices closed at 1,768.5, which is still between the 1,767 and 1,775 zones. Our analysis for tomorrow remained the same. when prices closed above 1,775 and price action form higher highs and lows as well as 1hr 10.20 gc. Uptrend targets will be 1,783 and 1,800. Risk management will be 1,765.

On the other hand, FKLI likely to trigger a further strong downtrend if prices closed below 1,767 and 1hr 10.20 dc. make Downtrend targets will be 1,760 and 1,750. Risk management 1,772.

If market did not trigger either long or short, we will patiently wait on the sidelines to avoid entering too early and get kicked out.

For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FKLI Trading Plan

Trend 4hr 10.20 gc
4hr macd dc
Level support 1767, 1760, 1750
Resistance 1775, 1783, 1800
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 1775 and/or 4hr macd gc
Cut loss 1765
Profit 1783…1800
Short if 1hr 10.20 dc + 1hr closing price below 1770 and/or 4hr macd dc
Cut loss 1772
Profit 1760…1750
————————–

FCPO Trade Ideas

FCPO today closed at 2,735. Along the way, FCPO triggered our short sell signal. Going forward, we are still on short biased as long as  prices below 2,750 and price action forming lower lows and highs. Downtrend targets are 2700 and 2650. Risk management is 2,770.
 
On the other hand, we are going to look on the long side if prices stay above 2,750 and price action forms higher highs and 3) 1hr 10.20 remain golden cross. Risk management at 2,730. Uptrend targets will be 2,800 and 2,850.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FCPO Trading Plan

Trend 4hr 10.20 gc
4hr macd gc
Level support 2700, 2650, 2621
Resistance 2750, 2800, 2850
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 2750 and/or 4hr macd gc
Cut loss 20pts or 1:2 ratio
Profit 2800…2850
Short if 1hr 10.20 dc + 1hr closing price below 2750 and/or 4hr macd dc
Cut loss 20pts or 1:2 ratio
Profit 2700…2650
All rights reserved. The above message is for Intensive Futures Program students only. If you are not the intended recipient, disclosure, copying, distribution or use of the contents of this message is PROHIBITED. If you have received this message in error, please notify info@davidleetgy.com immediately.
David Lee & TGY ByDavid Lee & TGY

Weekly Futures Outlook: 28 to 30 Aug 2017

FKLI & FCPO Weekly Outlook Youtube:

 

 

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 
 

Take note, this will be a very short futures market trading week because on Thursday 31st Aug, we will be celebrating our 60th Independence Day and on Friday 1st Sep, it is Hari Raya Haji. Happy Merdeka to all of us and also Selamat Hari Raya Haji to our Muslim friends. So the markets will going to be open on Monday until Wednesday, as a result we are expecting low liquidity/trading volume in our local futures market. But it does not mean there are not trading opportunities. As usual we traders have to prepared for any opportunities the markets throw at us.

 

If you noticed FKLI had been on a sideways trend for a quite sometime now. 1..2..3…11 candles that traded between the 1,767 support and 1,775 resistance zone. Is 1,767 a strong support? Look left, back in time, yes…1,767 is a strong support zone and currently buyers are also at this same level supporting the index. Now, you may ask…is this the right time to accumulate longs? Well, based on my experience and from the chart, now is not the best time. This is because 1,775 is a strong resistance and that’s where the sellers are converging at.

Hence, the professional way of trading FKLI right now is this. We will be looking for buying opportunities when the market eventually breaks above 1,775 PLUS forming higher high and higher low + prices above EMA13. This is the safest because when prices form these criteria, this means the sellers could be at its weakest. Uptrend targets will be 1,780 and 1,800. Risk management is 1,767.

 

On the other hand, FKLI will trigger short selling opportunities when market eventually breaks below 1,767 and prices below EMA13. This means the buyers unable to defend that 1,767 and it will be very easy for sellers to push the market lower to either 1,760 or 1,750. Risk management is at 1,775.

—–

FCPO

As correctly anticipated in our last week’s analysis, FCPO did had an uptrend and hit our second target of 2,750. On friday the market then closed at 2,751, which is right above the 2,750 support zone. We are grateful to had a good trade when it triggered our buy signal. Going forward, FCPO likely to resume uptrend as long as prices above 2,750, prices forming higher lows and highs. For added confluence, you can ensure that prices also above the EMA13. Uptrend targets will be 2,800 and 2,850. 

 

On the other hand, the buyers are defeated and not in control of the market if there is a candle close below 2,750. When this event happen, be prepared to look for short selling opportunities. First downtrend target is 2,700 and second downtrend target at 2,650. This simple if, then process is how I approached my FKLI & FCPO and Forex trading. It had certainty helped me to removed any blind biased on the market, it made the flexible and can easily adapt to the ever changing market conditions. Thus I can easily capture any opportunities the markets present to us. I highly encourage you to back test and paper trade this if, then technique. It believe it will greatly improve your trading.

 
 
 

FKLI & FCPO & Forex events to watch out this week (Msia Time)

Every 10th biz day of month, Malaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO. Take good care of your trades.

Every 10th, 15th, 20th, 25th and last biz day of month, ITS & SGS Palm Oil export data. Expect some price volatility for FCPO. Take good care of your trades.

30 Aug, 8.30pm, US Q2 GDP. Market is forecasting 2.7%. Expect some price volatility for US Indices & USD currency pairs. Take good care of your trades.

30 Aug, 10.30pm. US crude oil inventories. Expect price volatility for WTI & CAD currency pairs. Take good care of your trades.

31 Aug, 5pm. EUROZONE Aug CPI. Market forecasting 1.4%. Expect some price volatility for EUR currency pairs. Take good care of your trades.

31 Aug, 8.30am, Canada Jun GDP. Market forecasting 0.1%. Expect some price volatility for CAD currency pairs. Take good care of your trades.

1 Sep, 9.45am, China Caixin Aug manufacturing PMI, Market forecasting 51%. Expect some price volatility for AUD & NZD currency pairs. Take good care of your trades.

1 Sep, 4.30pm, UK manufacturing PMI, Market forecasting 55%. Expect some price volatility for GBP currency pairs. Take good care of your trades.

1 Sep, 10pm, US Aug manufacturing PMI, Market forecasting 56.6%. Expect some price volatility for USD currency pairs. Take good care of your trades.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Learn our Advance Trading Strategies Here!

 
David Lee & TGY ByDavid Lee & TGY

FKLI & FCPO Trade Ideas 28 Aug 2017

FKLI Trade Ideas

1…2…11 days! It has been 11 days that FKLI traded between 1,767 and 1,775 zones. No matter how bad the world markets were and how hard sellers pushed down FKLI, there seems to be buyers support it at 1,767. Despite this, it is still early to say the bulls are in control. When the market is sideways it is best for us to patiently wait for the market to present us a high probability trade. Traders long or short in this range are bound to be easily kicked out of the market. This is how the smart monies make money from the impatient traders. 
 
The professional way is to wait for prices closed above 1,775, price action form higher highs and lows as well as 1hr 10.20 gc. Uptrend targets will be 1,783 and 1,800. Risk management will be 1,765.

On the flip side, FKLI likely to trigger a further strong downtrend if prices closed below 1,767 
and 1hr 10.20 dc. make Downtrend targets will be 1,760 and 1,750. Risk management 1,772.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FKLI Trading Plan

Trend 4hr 10.20 gc
4hr macd dc
Level support 1767, 1760, 1750
Resistance 1775, 1783, 1800
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 1775 and/or 4hr macd gc
Cut loss 1765
Profit 1783…1800
Short if 1hr 10.20 dc + 1hr closing price below 1770 and/or 4hr macd dc
Cut loss 1772
Profit 1760…1750
————————–

FCPO Trade Ideas

FCPO just managed to stay above 2,750. Going forward, how FCPO treat this 2,750 level will have a big impact on how we formulate our plan of attack. Specifically FCPO likely to resume its uptrend as long as 1) prices stay above 2,750, 2) price action forms higher highs & 3) 1hr 10.20 remain golden cross. Risk management at 2,730. Uptrend targets will be 2,800 and 2,850.
Alternatively, FCPO will trigger a short signal if prices below 2,750 and 1hr 10.20 deadly cross. Downtrend targets are 2700 and 2650. Risk management is 2,770.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FCPO Trading Plan

Trend 4hr 10.20 gc
4hr macd gc
Level support 2700, 2650, 2621
Resistance 2750, 2800, 2850
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 2750 and/or 4hr macd gc
Cut loss 20pts or 1:2 ratio
Profit 2800…2850
Short if 1hr 10.20 dc + 1hr closing price below 2750 and/or 4hr macd dc
Cut loss 20pts or 1:2 ratio
Profit 2700…2650
All rights reserved. The above message is for Intensive Futures Program students only. If you are not the intended recipient, disclosure, copying, distribution or use of the contents of this message is PROHIBITED. If you have received this message in error, please notify info@davidleetgy.com immediately.
David Lee & TGY ByDavid Lee & TGY

What Other People Say…

Would you like to know what other people think about us? Take a look for yourself in the testimonials below…..

 

       

David Lee & TGY ByDavid Lee & TGY

FKLI & FCPO Trade Ideas 25 Aug 2017

FKLI Trade Ideas

FKLI had been trading sideways for a quite a while now, with the index closed at 1,7xx today. When the markets are sideways it is best for us to patiently remain on the sideways and wait for the market to present us a high probability trade. Now there are 2 ways to attack this FKLI trade. An uptrend likely to happen if prices closed above 1,775, form higher highs and lows as well as 1hr 10.20 gc. Uptrend targets will be 1,783 and 1,800. Risk management will be 1,765.

Another likely scenario will happen, bcos market is sideways, is downtrend. Specifically if prices closed below 1,767 
and 1hr 10.20 dc. Downtrend targets will be 1,760 and 1,750. Risk management 1,772.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FKLI Trading Plan

Trend 4hr 10.20 gc
4hr macd dc
Level support 1767, 1760, 1750
Resistance 1775, 1783, 1800
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 1775 and/or 4hr macd gc
Cut loss 1765
Profit 1783…1800
Short if 1hr 10.20 dc + 1hr closing price below 1770 and/or 4hr macd dc
Cut loss 1772
Profit 1760…1750
——–

FCPO Trade Ideas

FCPO went up and closed at 2,777 today. With the latest price action, FCPO likely to resume its uptrend as long as 1) prices can break above 2,772, 2) price action forms higher highs & 3) 1hr 10.20 remain golden cross. Risk management at 2,750. Uptrend targets will be 2,800 and 2,850.
Alternatively, downtrend potential if prices below 2,750 and 1hr 10.20 deadly cross. Downtrend targets are 2700 and 2650. Risk management is 2,770.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FCPO Trading Plan

Trend 4hr 10.20 gc
4hr macd gc
Level support 2700, 2650, 2621
Resistance 2750, 2800, 2850
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 2750 and/or 4hr macd gc
Cut loss 20pts or 1:2 ratio
Profit 2800…2850
Short if 1hr 10.20 dc + 1hr closing price below 2750 and/or 4hr macd dc
Cut loss 20pts or 1:2 ratio
Profit 2700…2650
All rights reserved. The above message is for Intensive Futures Program students only. If you are not the intended recipient, disclosure, copying, distribution or use of the contents of this message is PROHIBITED. If you have received this message in error, please notify info@davidleetgy.com immediately.
David Lee & TGY ByDavid Lee & TGY

FKLI & FCPO Trade Ideas 24 Aug 2017

FKLI Trade Ideas

FKLI lost grounds on Wednesday when it closed at 1,767.5 today. Based on latest price action, we remained on the sidelines until a much clearer signal appear.
An uptrend likely to happen if prices above 1,774, form higher highs and lows as well as 1hr 10.20 gc. Uptrend targets will be 1,780 and 1,800. Risk management will be 1,765.

If prices break below 1,770 
and 1hr 10.20 dcit will expose the downtrend targets of 1,760 and 1,750. Risk management 1,780.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.
FKLI Trading Plan
Trend 4hr 10.20 gc
4hr macd dc
Level support 1770, 1760, 1750
Resistance 1780, 1800, 1810
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 1770 and/or 4hr macd gc
Cut loss 1760
Profit 1780…1800
Short if 1hr 10.20 dc + 1hr closing price below 1770 and/or 4hr macd dc
Cut loss 1780
Profit 1760…1750
————————–

FCPO Trade Ideas

After hitting our uptrend target on Tuesday, FCPO had since failed to stay above 2,750. Based on Tuesday’s green bearish pin bar, FCPO may start a downtrend. For added certainty, can observe whether prices below 2,750, and 1hr 10.20 deadly cross. Downtrend targets are 2700 and 2650. Risk management is 2,770.
Alternatively, FCPO resume uptrend as long as 1) prices can break above 2,772, 2) price action forms higher highs & 3) 1hr 10.20 remain golden cross. Risk management at 2,750. Uptrend targets will be 2,800 and 2,850.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FCPO Trading Plan
Trend 4hr 10.20 gc
4hr macd gc
Level support 2700, 2650, 2621
Resistance 2750, 2800, 2850
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 2750 and/or 4hr macd gc
Cut loss 20pts or 1:2 ratio
Profit 2800…2850
Short if 1hr 10.20 dc + 1hr closing price below 2750 and/or 4hr macd dc
Cut loss 20pts or 1:2 ratio
Profit 2700…2650
All rights reserved. The above message is for Intensive Futures Program students only. If you are not the intended recipient, disclosure, copying, distribution or use of the contents of this message is PROHIBITED. If you have received this message in error, please notify info@davidleetgy.com immediately.
David Lee & TGY ByDavid Lee & TGY

FKLI & FCPO Trade Ideas 23 Aug 2017

FKLI Trade Ideas

FKLI remained almost unchanged as the prices closed at 1,772.5 today. Hence our analysis remained the same :  Looking at the daily time frame, prices still remained sideways. In order to look for buying opportunities, prices need to stay above 1,774, form higher highs and lows as well as 1hr 10.20 gc . Uptrend targets will be 1,780 and 1,800. Risk management will be 1,765.

If prices break below 1,770 
and 1hr 10.20 dcit will expose the downtrend targets of 1,765 and 1,750. Risk management 1,780.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FKLI Trading Plan

Trend 4hr 10.20 gc
4hr macd dc
Level support 1770, 1760, 1750
Resistance 1780, 1800, 1810
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 1770 and/or 4hr macd gc
Cut loss 1760
Profit 1780…1800
Short if 1hr 10.20 dc + 1hr closing price below 1770 and/or 4hr macd dc
Cut loss 1780
Profit 1760…1750
———–

FCPO Trade Ideas

FCPO finally reached our second uptrend target of 2,750 today. The benchmark palm oil closed at 2,735. With the latest price action, these are the latest trading plan: FCPO resume uptrend as long as 1) prices can break above 2,772, 2) price action forms higher highs & 3) 1hr 10.20 remain golden cross. Risk management at 2,750. Uptrend targets will be 2,800 and 2,850.
Alternatively, downtrend potential if prices below 2,750 and 1hr 10.20 deadly cross. Downtrend targets are 2700 and 2650. Risk management is 2,770.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FCPO Trading Plan

Trend 4hr 10.20 gc
4hr macd gc
Level support 2700, 2650, 2621
Resistance 2750, 2800, 2850
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 2750 and/or 4hr macd gc
Cut loss 20pts or 1:2 ratio
Profit 2800…2850
Short if 1hr 10.20 dc + 1hr closing price below 2750 and/or 4hr macd dc
Cut loss 20pts or 1:2 ratio
Profit 2700…2650
All rights reserved. The above message is for Intensive Futures Program students only. If you are not the intended recipient, disclosure, copying, distribution or use of the contents of this message is PROHIBITED. If you have received this message in error, please notify info@davidleetgy.com immediately.
David Lee & TGY ByDavid Lee & TGY

FKLI & FCPO Trade Ideas 22 Aug 2017

FKLI Trade Ideas

FKLI posted a small gain as prices closed at 1,773.5 today and failed to break head&shoulder pattern neckline. Looking at the daily time frame, prices still remained sideways. For FKLI to trend higher, buyers need to ensure price can stay above 1,774 zone and prices forming higher highs and lows as well as 1hr 10.20 gc. Uptrend targets will be 1,780 and 1,800. Risk management will be 1,765.

Failure for prices to stay above 1,770 will expose the downtrend targets of 1,750 and 1,730. For added certainty, wait for 1hr 10.20 dc. Risk management 1,780.

For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FKLI Trading Plan

Trend 4hr 10.20 gc
4hr macd dc
Level support 1770, 1760, 1750
Resistance 1780, 1800, 1810
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 1770 and/or 4hr macd gc
Cut loss 1760
Profit 1780…1800
Short if 1hr 10.20 dc + 1hr closing price below 1770 and/or 4hr macd dc
Cut loss 1780
Profit 1760…1750
————————–

FCPO Trade Ideas

FCPO posted again for the 3rd straight day now as it closed at 2,711, thus hitting our first uptrend target of 2,700. Our analysis is still the same: FCPO resume uptrend as long as 1) prices above 2,700, 2) price action forms higher highs and 3) 1hr 10.20 has to remain golden cross. Risk management at 2,700. Uptrend targets will be 2,750 and 2,800.
Alternatively, downtrend potential if prices below 2,700 and 1hr 10.20 deadly cross and price action forming lower highs & lows in the 1hr timeframe. Downtrend targets are 2650 and 2621. Risk management is 2,700.
For those who want to follow my trades can wait for my trade alert before executing the trades. Check the trading plans below to compare your notes with mine.

FCPO Trading Plan

Trend 4hr 10.20 gc
4hr macd gc
Level support 2650, 2621, 2568
Resistance 2700, 2750, 2800
Signals:
Long if 1hr 10.20 gc + 1hr closing price above 2650 and/or 4hr macd gc
Cut loss 20pts or 1:2 ratio
Profit 2700…2750
Short if 1hr 10.20 dc + 1hr closing price below 2650 and/or 4hr macd dc
Cut loss 20pts or 1:2 ratio
Profit 2621…2568
All rights reserved. The above message is for Intensive Futures Program students only. If you are not the intended recipient, disclosure, copying, distribution or use of the contents of this message is PROHIBITED. If you have received this message in error, please notify info@davidleetgy.com immediately.

 

David Lee & TGY ByDavid Lee & TGY

Weekly FKLI FCPO Market Outlook: 21 to 25 Aug 2017

FKLI & FCPO Weekly Outlook Youtube:

 

 

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 

This is the FKLI day chart. If you remembered my last week’s analysis, I mentioned if prices can stay below 1770, it will drop to 1750. The index instead went down to a low of 1,764.5 and then went up again. As a result we only managed to earn a few points from FKLI. Going forward, last week price action contributed to this swing and this is how we are going to attack this chart for this week. The first thing we are going to do is to look for a KEY FLIP ZONE and what I meant by flip zone is a key reversal area that the market had an obvious turnaround. Looking at last week’s price action, FKLI gave us this 1765 zone. Hence this is how we are going to build our plan of attack: 1) if price can stays above 1,765 zone, 2) price forming higher lows & highs, we will be looking for opportunities to long the market.

First uptrend target will be 1,787, which was the previous flip zone where the markets had an obvious turnaround. If that flip zone been taken out by the buyers, the next flip zone is the 1,800 psychological round number, where the market treats it as an important milestone. 1,765 is the risk management zone. Buyers are judged to had lost the battle and we could see sellers try to push the market to either 1,750 or 1,730 if there are candlesticks below 1,765 zone.

FCPO

 

Above is FCPO day chart and if you remembered my last week’s analysis, we were bullish biased because price action forms higher highs and lows. FCPO consequently went up to a weekly high of 2,685 and we had a good trade. Going forward, our plan to attack for this week is still the same: which is bullish biased as long as 1) price action form higher highs & lows, 2) prices above the 2,650 flip zone. Now you may asks why 2,650 was picked. The answer is simply because when you look back in time, you will noticed whenever buyers broke the 2,650, the FCPO had a very strong upward movement? Hence if you are looking for buying opportunities, you have to ensure prices are above this 2,650 zone. For added “insurance”, price need to stay above the EMA13.

 

Uptrend targets are 2,700 and 2,750 with risk management at 2,650. Sellers likely to come into the market and pushed it down to either 2,621 or 2,568 if prices stay below 2,650.

 

FKLI, FCPO & Forex events to watch out this week (Msia Time)

Every 10th biz day of month, Malaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO. Take good care of your trades.

Every 10th, 15th, 20th, 25th and last biz day of month, ITS & SGS Palm Oil export data. Expect some price volatility for FCPO. Take good care of your trades.

23 Aug, 3pm, ECB President Draghi Speaks. Expect some price volatility for EUR currency pairs. Take good care of your trades.

23 Aug, 10.30pm, Weekly Crude Oil Inventories. Expect some price volatility for WTI Crude Oil. Take good care of your trades.

24 Aug, 2am, UK Q2 GDP. Market expecting a 0.3% rate. Expect some price volatility for GBP currency pairs. Take good care of your trades.

25 Aug, 10pm, FED Chair Yellen speaks. Expect price volatility for USD currency pairs. Take good care of your trades.

26 Aug, 3am, ECB President Draghi speaks again. Expect some price volatility for EUR currency pairs. Take good care of your overnight trades.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Learn our Advance Trading Strategies Here!