trendfollowingmalaysia Trend Following Malaysia: Futures

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

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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

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David Lee

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