Monday, 18 June 2018
Crude Palm Oil: 18 June 2018, Monday, 12.12am Singapore Time
Crude Palm Oil:
18 June 2018, Monday, 12.12am Singapore Time
(Click on Technical Chart above to Expand)
For those who are calling for financial markets to crash, and by induction commodity markets to crash as well, you will be disappointed to know that even Crude Palm Oil -- one of the weakest commodity asset class is finishing its winter and switching to spring as well. Crude Palm Oil is completing its correction soon. It is at the lower end of its Super-cyclic Standard Deviation from the mean. I expect it to end its correction around 2250 (limited downside), and from here target for 4000 in sync with worldwide commodities and stock market boom. My judgement of the financial markets is not affected by the noise that is currently on-going in the US' "supposed trade war tariffs" with its trading partners.