Highlights

FCPO Updates

Author: InvestorsDoctor   |   Latest post: Fri, 17 May 2019, 9:46 AM

 

Title Views Likes Comments Publish Date Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 7/1/2019 - Trade in range, wait for breakout

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7/1/2019

 
*FCPO Mar 19*
 
Previous Close: 2172 +21
 
FCPO settled higher on last Firday as tracking recovery in crude oil prices & related edible oil prices. Watch out for MPOB data on 10 Jan. Related edible oils are slightly higher this morning, expect FCPO to trade in range.
 
Hourly chart showed FCPO move in range 2090-2200, close above 2200 to trigger more upside.
 
*Classic Support & Resistance* 
Resistance: 2200 2265
Support: 2144 2093
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2140-2200, wait for breakout.
 
 *FCPO Margin Requirement* 
Overnight MYR 4500
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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