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FCPO - Major Pivot approaching ??

MYX:FCPO1!   Crude Palm Oil Futures
Market is always in a state of flux and some adjustments have been made as it unfolds. Could it be a bottoming of the corrective phase as we approach the 0.618 level??
Welcome any views even with fundamental inputs. Looks like the fundamental aspect have played out from 2nd half 2022 and are we at that late stage of this phase??

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