2014 is around the corner, what will happen to our FCPO? Click to find out more.
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.
(Futures commission broker & equity remisier, Contributor of futures market trend following)