FCPO: Looking for SHORT.

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FCPO: Looking for SHORT.Crude Palm Oil FuturesMYX_DLY:FCPO1!edramlanFCPO1! Price is still trapped within the range between 4687 and 4370. Overall bias still favors the bearish side. There are three parameters to consider: Parameter 1: If price breaks 4518 and closes below it, bearish continuation is likely, initially toward 4445, then potentially toward 4370. Parameter 2: If price breaks 4575 and continues higher toward the 4600 area, the overall outlook remains bearish. Therefore, I will still be looking for short opportunities. Parameter 3: If price breaks 4575, continues higher, breaks the 4600 area, and closes higher, the bearish probability becomes lower. A further break above 4687 would be significant because 4687 is also a 4H swing high. A break above this level may signal that the bias is starting to shift bullish. In that case, it is better to stand aside and observe the next price action. Happy trading 💰🚀.