29/9/25 - Next 2 Days Will Determine the Monthly CandlestickCrude Palm Oil FuturesMYX:FCPO1!Tech_Trader88Friday’s candlestick (Sept 26) was an outside bear bar closing near its low with a long tail above. In our last report, we stated that traders would see if the bulls can create strong follow-through buying, closing above the 20-day EMA, or if the market would stall around the 20-day EMA (around the 4450 area), closing below the 20-day EMA instead. The market traded higher to test the 4450 area but lacked follow-through buying, reversing to close below the 20-day EMA. The bulls view the recent move 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, as has been the case with all recent pullbacks (July 1 and August 4). So far, this appears to be the case. They want the move (Sep 23) to turn into a bear trap. They want the breakout from the trading range to fail, reversing back into the trading range (around the 4450 area). 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. The bears hope that the current move (Sept 26) is a retest of the breakout point. They want the 20-day EMA to act as resistance, followed by at least a small sideways to down leg to retest the Sept 23 low. They need to create strong follow-through selling early next week. Production for Sept should be flat or down. Oct's production should be flat to down as well. Refineries' appetite to buy remains decent. Export: Sept: First 25 days +12% per ITS. The monthly candlestick will close after Tuesday's session. The bulls want the monthly candlestick to close with a bull body, while the bears want a bear body. The next two trading days will determine whether the monthly candlestick will close bullish, bearish or neutral. For tomorrow (Monday, Sept 29), traders will see if the bears can create strong follow-through selling testing near the Sept 23 low. Or will the move lack follow-through selling, followed by a reversal above the 20-day EMA instead? Andrew