FCPO Weekly Roundup: Week Ending October 03, 2025Crude Palm Oil FuturesMYX:FCPO1!Southwind-CT— Strategic Commodity Insight — 🔶📊🌴 FCPO's technical posture is constructively bullish, as the price coils within a well-defined bull flag on the daily chart. This consolidation is acting as the "handle" for a larger "cup and handle" formation visible on both daily and weekly timeframes, a pattern that strongly suggests a potential upside continuation. Detailed Analysis ✨ Cup and Handle / Bull Flag Formation: The market carved out a broad, rounding bottom (the "cup") from May through August. The subsequent pullback has formed a textbook descending channel (the "handle" or bull flag). This coiling price action is typical before a major trend resumption. Supply Zone and Profit-Taking: The reason for the recent stalled momentum is clear: the price is grappling with the significant overhead supply zone between 4,450 and 4,724 MYR. This area represents prior highs where buyers are now exiting positions, causing intraday gains to fade as the market absorbs this trapped supply. Each attempt to break higher has been met with profit-taking, but the pattern of higher lows within the flag remains intact. Breakout Potential: The price is now approaching the apex of the bull flag, suggesting a breakout is becoming more likely. A decisive close above the flag's upper trendline (currently near 4,525 MYR) would be the first signal, with confirmation on a move above the cup's rim at the 4,614–4,724 MYR resistance zone. Updated Key Levels and Outlook 🎯 Immediate Resistance: The upper channel line of the bull flag around 4,525 MYR. Major Breakout Level: A sustained close above the 4,614 MYR pivot is required to validate the cup-and-handle pattern and trigger the next leg higher. Primary Support: The base of the handle at 4,262–4,214 MYR remains the critical level to hold. A break below this would invalidate the bullish setup. Takeaway: The combination of a cup-and-handle pattern with a bull flag handle points to a high probability of an upside resolution in the coming week. While sellers at the supply zone are providing friction, the underlying structure suggests buyers are accumulating strength for a breakout attempt. Watch for a close above 4,614 MYR to confirm the start of a new uptrend 🚀