Highlights

FCPO Updates

Author: InvestorsDoctor   |   Latest post: Tue, 31 Dec 2019, 9:39 AM

 

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 31/12/2019 Bullish but be cautious of overbought

Author: InvestorsDoctor   |  Publish date: Tue, 31 Dec 2019, 9:39 AM





31/12/2019
 
FCPO Mar 20
 
Previous Close: 3128 +55
  
FCPO edged higher to above 3120 level amid expectation of lower output and higher biofuel usage.
 
Hourly chart formed higher highs & lows,, more to bullish, but be cautious as RSI in overbought.
 
Classic Support & Resistance 
Resistance:  3200 3400
Support:   3020 2890
 
 Recommend Trading Plan for the day: 
1. Buy 3140, stop 3132, profit 3148/3156/3164
2. Sell 3122, stop 3130, profit 3114/3106/3098
 
 FCPO Margin Requirement 
Overnight  MYR 4000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 30/12/2019 Bullish but be cautious of overbought

Author: InvestorsDoctor   |  Publish date: Mon, 30 Dec 2019, 10:43 AM





30/12/2019
 
*FCPO Mar 20*
 
Previous Close: 3073 +68
  
FCPO jumped to test above 3100 level on last Friday on bullish CPO outlook. Dalian up around 1% this morning, likely to support CPO prices.
 
Hourly chart formed higher highs & lows,, more to bullish, but be cautious as RSI in overbought.
 
*Classic Support & Resistance* 
Resistance:  3150 3250
Support:   3020 2890
 
 *Recommend Trading Plan for the day:* 
1. Buy 3080, stop 3072, profit 3088/3096/3104
2. Sell 3064, stop 3072, profit 3056/3048/3040
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
Disclaimer: For idea sharing only, trade at your own risk
 
JOIN US to discover more about FUTURES TRADING !!!
 
YouTube link:
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
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https://t.me/investorsdoctoracademy
 
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Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 27/12/2019 Close above 3000, sustain above this level for more upside

Author: InvestorsDoctor   |  Publish date: Fri, 27 Dec 2019, 10:18 AM





27/12/2019
 
*FCPO Mar 20*
 
Previous Close: 3005 +82
  
FCPO closed above 3000 level for the 1st time since Feb 2017 on slowing production outlook. Dalian up more than 3% this morning, likely to limit downside of FCPO.
 
Hourly chart formed a strong breakout from sideway, more to bullish, but be cautious as RSI in overbought.
 
*Classic Support & Resistance* 
Resistance:  3050 3080
Support:   2960 2930
 
 *Recommend Trading Plan for the day:* 
1. Buy 3009, stop 3001, profit 3017/3025/3033
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
Disclaimer: For idea sharing only, trade at your own risk
 
JOIN US to discover more about FUTURES TRADING !!!
 
YouTube link:
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Telegram link: 
https://t.me/investorsdoctoracademy
 
Facebook link:
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Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 26/12/2019 Sideway to higher, wait for breakout

Author: InvestorsDoctor   |  Publish date: Thu, 26 Dec 2019, 10:29 AM




26/12/2019
 
*FCPO Mar 20*
 
Previous Close: 2923 +16
  
FCPO remain in narrow movement, but Dalian palm olein testing rebound this morning, may push up FCPO.
 
Hourly chart in sideway to higher trend, close above 2930 to trigger more upside.
 
*Classic Support & Resistance* 
Resistance:  3000 3050
Support:   2880 2800
 
 *Recommend Trading Plan for the day:* 
1. Buy 2930, stop 2922, profit 2938/2946/2954
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
Disclaimer: For idea sharing only, trade at your own risk
 
JOIN US to discover more about FUTURES TRADING !!!
 
YouTube link:
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Telegram link: 
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Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 24/12/2019 Sideway to higher, wait for breakout

Author: InvestorsDoctor   |  Publish date: Tue, 24 Dec 2019, 9:47 AM





24/12/2019
 
*FCPO Mar 20*
 
Previous Close: 2907 -5
  
FCPO traded in tight range yesterday, wait for more breakout.
 
Hourly chart in sideway to higher trend, close above 2930 to trigger more upside.
 
*Classic Support & Resistance* 
Resistance:  2950 3000
Support:   2870 2800
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2870-2930
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
Disclaimer: For idea sharing only, trade at your own risk
 
JOIN US to discover more about FUTURES TRADING !!!
 
YouTube link:
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Telegram link: 
https://t.me/investorsdoctoracademy
 
Facebook link:
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Whatsapp link:
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Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 23/12/2019 Sideway to higher, wait for breakout

Author: InvestorsDoctor   |  Publish date: Mon, 23 Dec 2019, 10:42 AM





23/12/2019
 
FCPO Mar 20
 
Previous Close: 2912 +38
  
FCPO gap up and settled higher on last Friday as tracking strength in related edible oils. 
 
Hourly chart in sideway to higher trend, close above 2930 to trigger more upside.
 
Classic Support & Resistance 
Resistance:  2950 3000
Support:   2870 2800
 
 Recommend Trading Plan for the day: 
1. Buy 2923, stop 2915, profit 2931/2939/2947
2. Look for close gap signal below 2900
 
 FCPO Margin Requirement 
Overnight  MYR 4000
 
Disclaimer: For idea sharing only, trade at your own risk
 
JOIN US to discover more about FUTURES TRADING !!!
 
YouTube link:
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Telegram link: 
https://t.me/investorsdoctoracademy
 
Facebook link:
https://www.facebook.com/investorsdoctoracademy
 
Whatsapp link:
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