12/9/25 No FT Selling, Bulls Need Strong FT BuyingCrude Palm Oil FuturesMYX:FCPO1!Tech_Trader88Thursday’s candlestick (Sept 11) was an inside bull bar closing in its upper half with a long tail below and a prominent tail above. In our last report, we stated that traders would see if the bears could create a follow-through bear bar, or if the market would stall, and retest near the 20-day EMA instead. The market traded lower, but there was no follow-through selling, reversing to close above the 20-day EMA. The bulls want the 20-day EMA and the bull trend line to act as support. They want the pullback to be weak and sideways, lacking follow-through selling, as has been the case with all recent pullbacks (Jul 1 and Aug 4). They want it to form a higher low (Aug 29) followed by a reversal from a double bottom bull flag (Aug 29 and Sep 10). They hope Wednesday's candlestick will form a bear trap and want the market to reverse above the 20-day EMA. If the bulls can create strong follow-through buying on Friday, the odds of this will increase. They must create follow-through buying above the 20-day EMA to increase the odds of a retest and a breakout above the August high. The bears view the recent move as forming a small double top bear flag (Sept 3 and Sept 9). They need to create strong follow-through selling, trading below the 20-day EMA and the bear trend line to increase the odds of a sustained move. So far, the bears haven’t been able to create follow-through selling below the 20-day EMA again. If the market trades higher, they want the Sept 9 high area to be resistance, forming a wedge bear flag. Production for Sept should be flat or down. Refineries' appetite to buy remains decent. Export: Sept: First 10 days -1% per ITS So far, the market has been trading sideways with poor follow-through and frequent reversals. This is a hallmark of a trading range. So far, the bears haven't been able to create follow-through selling below the 20-day EMA. The bulls want a strong bull bar tomorrow so that the weekly candlestick will close near its high. If this is the case, it will increase the odds of next week trading at least a little higher. The bears want tomorrow to close as a strong bear bar, so that the weekly candlestick will be bearish. For tomorrow (Friday, Sept 11), traders will see if the bulls can create a follow-through bull bar above the 20-day EMA. If they can, the odds of a bear trap will increase. Or will the move lack follow-through buying, resulting in a reversal below the 20-day EMA again? Andrew