4/11/25 Can The Bulls Create a Minor PB to 20-Day EMA?Crude Palm Oil FuturesMYX:FCPO1!Tech_Trader88Yesterday’s candlestick (Monday, Nov 3) was a follow-through bear bar closing near its low with a small tail below. In our previous report, we noted that traders would watch whether the bulls could produce a minor pullback and a few decent bull bars in the days ahead, or if the bears would extend their follow-through selling. The market traded lower, testing the 4100 level. The bulls hope the current move will form a major higher low. They want a reversal from a parabolic wedge (Oct 23, Oct 29, and Nov 3). To show they’re regaining control, the bulls must now produce strong consecutive bull bars breaking clearly above the bear microchannel and closing above the 20-day EMA. The bears’ measured-move target, based on the height of the prior trading range, projects toward the 4000–3950 area. The current move has formed a 10-bar bear microchannel, signaling strong bears and persistent selling pressure. The first pullback will likely be minor, followed by at least a small sideways-to-down leg retesting the current low (Nov 3). Production: October output likely increased; November figures are yet to be announced. Refineries: Buying interest remains, though not paying a premium vs spot futures. Exports: October exports rose 5.19%, according to ITS. Overall, the market is breaking out from an 11-week trading range in a persistent 10-bar bear microchannel — evidence of strong selling momentum. The market remains Always-In-Short. The selloff, however, is slightly climactic and has a parabolic wedge shape. Perhaps a minor pullback (bounce) may be in the cards soon? For now, odds still slightly favor the first pullback being minor, with sellers maybe waiting around the 20-day EMA area. For today, (Nov 4), traders will watch whether the bulls can produce a minor pullback and a few decent bull bars in the days ahead, or if the bears will extend their follow-through selling. Andrew