11/8/25 Bulls Want Any Pullback to Be WeakCrude Palm Oil FuturesMYX:FCPO1!Tech_Trader88Friday’s candlestick (Aug 8) was a bull doji closing in its lower half with a long tail above. In our last report, we said traders would see if the bulls could create a strong bull bar breaking above the August 5 high, or if the market would trade higher but stall around or below the August 5 high, closing with a long tail or a bear body instead. The market tested near the Aug 5 high but reversed to close with a long tail above. The bulls want any pullback to lack follow-through selling, similar to the last few pullbacks (July 7, July 11, July 15, and July 22). August 4 was the same. They want a retest of the July 24 high, followed by a strong breakout above and another strong leg up that lasts for a few weeks. They see the last 10 trading days simply as a minor pullback. They need to create strong consecutive bull bars closing near their highs to increase the odds of another leg up. The bears were unable to create follow-through selling in the last four selloff attempts (July 7, July 11, July 15, and July 22). August 4 was the case again. They want the market to form a lower high (vs Jul 24) and a wedge bear flag (Jul 30, Aug 5, and Aug 8). They need to create strong bear bars closing near their lows and trading below the 20-day EMA to show they are back in control. Production for August may be flat or down. Refineries' appetite to buy looks decent recently. Export: August export up 23% in the first 10 days. So far, the market has formed a sideways pullback holding above the 20-day EMA. Traders are wondering if the pullback has alleviated the prior overbought condition. The market has formed a trading range over the last 24 trading days. The market is currently trading around the middle of the trading range, which is an area of balance. For tomorrow (Monday, Aug 11), traders will see if the bears can create strong bear bars trading far below the 20-day EMA. Or will the market trade slightly lower, but lack follow-through selling (again), followed by a reversal above the 20-day EMA in the next few days instead? Andrew