8/10/25 Bulls Still Need More FT BuyingCrude Palm Oil FuturesMYX:FCPO1!Tech_Trader88Tuesday’s candlestick (Oct 7) was a bull bar closing near its high. In our last report, we stated that traders would observe whether the bulls could create more follow-through buying above the 20-day EMA, or if the market would stall and reverse below it instead. The market traded higher above the 20-day EMA. The bulls view the recent move (Sep 23) as a deeper two-legged pullback and want a reversal from a double bottom bull flag (Aug 29 and Sep 23) and a large double bottom bull flag (Aug 4 and Sep 23). They view the recent move (Sept 30) as a retest of the prior low (Sept 23), and want the pullback to lack follow-through selling, forming a higher low. So far, this is the case. 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 (Sep 23), but the move lacked sustained follow-through selling. They see the current move as a pullback and want the 20-day EMA to act as resistance. They want a reversal from a large double top bear flag (Sept 17 and Oct 3), followed by another sideways to down leg to complete the wedge pattern. They also observe a smaller wedge forming (Sept 26, Oct 3, and Oct 8). They need to create strong bear bars below the 20-day EMA to increase the odds of a reversal. Production for Oct should be down. SPPOMA's first 5 days increased up 12%. Refineries' appetite to buy remains decent. Export: Oct down in the first 5 days. For today (Wednesday, Oct 8), traders will see if the bulls can create more follow-through buying above the 20-day EMA. Or will the market trade higher but stall below the September 17 low instead? Andrew