1. Yesterday have a false breakout and price consolidation for a while. As usual, the false breakout will produce a higher magnitude of movement. 2. Today price breaks 2 resistance levels. 3. Now price rejects resistance level + Gann level with shooting star CS @ 5min TF. 4. 15min TF has a spinning top black CS pattern. 5. Since the trend now is bullish, selling is only for intermediate conditions. Depend on how the price reacts to EMA14+EMA50 at 15min TF.
Other concern : 1. China Evergande issue might contribution a significant effect on the world economy. 2. China is our 2nd largest Palm oil export destination behind India. 3. Remember when Lehman Brothers collapse in 2008.
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