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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.
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wht is ur final settlement price?(sept contact)
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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.

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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.
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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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