12/1/25 Can Bulls Create Bull Bars or Fail to Do So?Crude Palm Oil FuturesMYX:FCPO1!Tech_Trader88Friday’s candlestick (Jan. 9) was a bear bar closing near its low with a long tail above. In our last report, we stated that bulls want a strong bull bar so the weekly candlestick would close near its high, increasing the odds of next week trading at least a little higher, while bears want a strong bear bar so the weekly candlestick would close with a long tail above, perhaps with a bear body too. The market traded higher for most of the day but reversed lower in the last 2 hours, closing the weekly candlestick with a bull body closing around the middle of its range and a long tail above. Bulls hope the selloff (Dec 19) will form a major higher low relative to May 2025. They hope to get a reversal from a large wedge pattern (Jan 17, May 8, and Dec 19) and a smaller wedge pattern (Nov 3, Nov 26, and Dec 19). They want a reversal from a lower low major trend reversal (relative to Nov 26) and now, a smaller higher low major trend reversal (relative to Dec 25) They need to create strong consecutive bull bars trading far above the 20-day EMA to show they are back in control. They want the 20-EMA to act as a support level. The bears got the third leg down to form the wedge pattern (November 13, November 26, and December 19). They want a retest of the December low from a double top bear flag (Dec 30 and 9 Jan) at the 20-day EMA, even if it only forms a higher low. The earlier retest has a higher low (Jan 5). If the market trades higher, they want it to form a lower high and the market to reverse below the 20-day EMA. Fundamentals: • Production: Production for Jan - SPPOMA first 5 days -34% • Refineries: Buying interest is there at these low prices. Not paying premiums vs spot futures - yet. • Exports: ITS first 10 days +29%. Today (Monday, Jan. 12), traders will watch to see if the bulls can create bull bars by trading above the 20-day EMA. Or would bears be able to get follow-through selling below the 20-EMA instead? Andrew