7/11/25 Still Minor Sideways Consolidation PhaseCrude Palm Oil FuturesMYX:FCPO1!Tech_Trader88Yesterday’s candlestick (Thursday, Nov 6) was an outside bull bar closing near its high. 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 continues sideways for now, in a small sideways overlapping pullback / consolidation phase. 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 6). 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 selloff had the form of a 12-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 6). Production: SPPOMA up 5% in the first 5 days. Refineries: Buying interest remains, though not paying a premium vs spot futures. Exports: ITS is down 15.38% in the first 5 days. Overall, the market broke out from an 11-week trading range in a persistent 12-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. The minor pullback is currently underway, albeit still weak. For now, odds still slightly favor the first pullback being minor, with sellers above the bear microchannel. If there is a stronger bounce, sellers may be waiting around the 20-day EMA area. The bears broke below the Nov 3 low last night, but there was no follow-through selling. For today, (Nov 7), traders will watch whether the bulls can produce ore decent bull bars in the days ahead, or if the bears will extend their follow-through selling instead. Today, the bulls hope to get a strong bull bar so the weekly candlestick closes with a prominent tail below, reducing the recent bearishness. The bears want a strong bear bar so the weekly candlestick closes near its low, leading to more downside next week. Andrew