Jump to content
Sign in to follow this  

Crude Palm Oil by TrendFollower

Recommended Posts

The 20, 50 and 100 DMA curves on the 'daily' timeframe are sloping upwards which is extremely bullish and this trend has been very nice indeed. 

When I talk about 'Strongest Trending Assets' in my other threads then I am suggesting those that a lot of traders do not spot but they exist and are available not only to trade on IG's platform but one must be able to spot and identify them. 

422030532_CrudePalmOil_20191121_19.50-3.png.65d52df6599f708217aed42b316c8628.png

Share this post


Link to post

Crude Palm Oil continues its rise in price.

1171630866_CrudePalmOil_20191123_12_10.thumb.png.23648b026f058d865319885a8588aff5.png

Palm oil output deficit to push price upward in 1H20: Expert

https://www.theedgemarkets.com/article/palm-oil-output-deficit-push-price-upward-1h20-expert

Identifying the 'Strongest Trending Assets' has been a trading principle and mantra that I have stressed on many of my posts.

This is an example of an asset that is trending strongly and one where points / profits can be achieved in the correct directional trade. It can be achieved by doing nothing complex or confusing but merely following the price action and trend in the direction it is moving in.

The key is to identify these assets in the first place and as quickly as possible. If it can be identified at the earliest opportunity then it allows the profit potential to be greater. 

  • Like 1

Share this post


Link to post

Crude Palm Oil continues to rise. 

As you can see from the chart below the price is trending strongly above the 'Parabolic SAR'. 

322170426_CrudePalmOil_20191206_18_33.thumb.png.1760cb7ddda5fe86a5c12d267bf024d7.png

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,876
    • Total Posts
      41,738
    • Total Members
      51,998
    Newest Member
    torpid
    Joined 14/12/19 08:59
  • Posts

    • Hi all, been up and running and watching from the side lines. Thanks for putting the list up early as I made my own list from the gap scanner from ideas but you seemed to have more plus alot of the tickers I could not trade on IG but jumped on TG Therapeutics at 973 and took some money from that. Then jumped back in at 1059 and she plummeted and my heart just sank. I managed to ride it back up to 1053 and got out with a small profit of £20. Should have put my stop in but am still learning to get out quick . I was so lucky it went back up. Thought I was going to be on a bad loss because I didn't get out early enough. I find that if you only gain a small amount each day its better that going hard at it and loosing.  Still got loads to learn. Anyway cant wait till monday.  Great content and look forward to next week. Have a great weekend.
    • Is it safe to come out now?
×
×