1/10/25 Can Bears Get More FT Selling or Start to Stall?Crude Palm Oil FuturesMYX:FCPO1!Tech_Trader88Tuesday’s candlestick (Sept 30) was a bear bar closing in its lower half with a prominent tail below. In our last report, we stated that traders would observe whether the bears could create strong follow-through selling, testing near the Sept 23 low, or if the move would lack follow-through selling and instead be followed by a reversal above the 20-day EMA. The market continues to trade slightly lower, and the bears got some follow-through selling. The bulls view the recent move (Sep 23) as a deeper two-legged pullback and want a reversal from a large double bottom bull flag (Aug 29 and Sep 23). They want the pullback to lack follow-through selling, forming a higher low. They see the current move (Sept 30) as a retest of the prior low (Sep 23), and want it to form a higher low. They want a retest of the August high, even if it only forms a lower high. They must create follow-through buying above the 20-day EMA to increase the odds of the market trading higher. The bears got a deep pullback and a breakout below the tight trading range, but the move lacked sustained follow-through selling. They want at least a small second leg sideways to down leg to retest the Sept 23 low. So far, the second leg sideways to down is still a higher low (Sep 30). They need to create strong follow-through selling to increase the odds of retesting the Sept 23 low. Production for Oct should be down. Refineries' appetite to buy remains decent. Export: Sept: export +9% per ITS. The monthly candlestick closed as a bear bar in its lower half with a prominent tail below. There is a 5-bar bull microchannel on the monthly candlestick indicating persistent buying. There may be buyers below the first pullback. For tomorrow (Wednesday, Oct 1), traders will see if the bears can create more follow-through selling testing near the Sept 23 low. Or will the move start to stall at a higher low, followed by a reversal above the 20-day EMA in the weeks ahead instead? Andrew