*FCPO* Week 42 – 2019

Weekly trend is rebound. MACD histogram form 12th bar above zero. Weekly closed at 2287. It is very bullish!

 





Last week, we had mentioned that we are looking to re-enter Short. But it is a blessing in disguise that MA9 and MA16 never make a confirmation of cross down instead it using the roll over contract month changes to build the bullish price action. Hence, it triggered a Long signal. However, TKM v1.1 will not trade this signal, just like the old approach, we will not take the trade which signal is happening on the day of action contract month changes because it is confusing by the spread.

TKM v1.1 will continue to monitor for fresh signal.

 

FCPO Weekly Chart (Week 42 – 2019)

 

FCPO Daily Chart (Week 42 – 2019)



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