[FCPO Nov, Part 4] FCPO going MAD in 2014?: Trend Following on Futures Market

palm-oil-fruit_1815952c

2014 is around the corner, what will happen to our FCPO? Click to find out more. 

fcpo-day-nov-part-4-outlook

Chart 1

According to chart 1 above, FCPO will start a yearly Bull run if Day chart’s MAs can form a golden cross. Keep in mind once MA golden cross, FCPO will have a slight correction to red MA support 2443, especially when day macd forms a deadly cross. Trend Followers then need to observe on a few things. If red MA is able to support FCPO prices and day MACD forms a golden cross, this means FCPO will resume it’s 2014 yearly bull run.

The weekly chart below also highlighting the same.

fcpo-weekly-nov-part-4-outlook

Chart 2

Picture2555

David Lee

(Futures commission broker & equity remisier, Contributor of futures market trend following)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s