10/9/25 No Strong FT Buying Still, Can Bears Create FT Selling?

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10/9/25 No Strong FT Buying Still, Can Bears Create FT Selling?Crude Palm Oil FuturesMYX:FCPO1!Tech_Trader88Tuesday’s candlestick (Sept 9) was a bear doji closing below the middle of its range. In our last report, we stated that traders would assess whether the bulls could create strong follow-through buying over the next few days, or if the market would trade slightly higher but stall, forming long tails above candlesticks or bear bodies. The market traded higher but lacked follow-through buying, turning lower in the second half of the afternoon. 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 small double bottom bull flag (Sep 4 and Sep 10). If the market trades lower, they want the Sept 4 or Aug 29 low to act as support. 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 current move as forming a small double top bear flag (Sept 3 and Sept 10). 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. The next targets for the bears are the Sept 4 or Aug 29 low. Production for Sept should be flat or down. Refineries' appetite to buy remains decent. Export: Sept: Seems like first 10 days +11% per ITS (Estimate) So far, the market has been trading sideways with poor follow-through and frequent reversals. This is a hallmark of a trading range. The 20-day EMA and bull trendline are currently acting as support. For tomorrow (Wednesday, Sept 10), traders will see if the bears can create strong follow-through selling, closing below the 20-day EMA. Or will the market trade slightly lower, but stall, reversing to close above the 20-day EMA instead? Andrew