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[OTHERS] Futures Crude Palm Oil Sep-12

The market has gotten substantial support in the market on 12 July. Higher prices will be come in near future.
wht is ur final settlement price?(sept contact)
The final settlement price is not part of my analysis. So I hv no ideas over it The market price moved up today 2.1% or RM64.

Be careful of profit taking by syndicate traders. RM3142 is the major resistance line. Any signs of weakness near the line could be resulted the market to fall.

FCPO-Oct has the same sentiment as FCPO-Spt. RM3152 is a short-term major resistance line. Any signs of weakness near the line should be a forewarning signal for a short down move.

FCPO-Oct is the third month contract has the highest liquidity. So it's much better to trade Oct contract.
Yes, some traders have taken profit at RM3152. Till this moment, the market plunged RM30.

Unless, there is a high volume down bar followed by a No-supply bar, the market has pressure to move up.
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