Highlights

FCPO Updates

Author: InvestorsDoctor   |   Latest post: Thu, 24 Oct 2019, 9:55 AM

 

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 11/2/2019 - Watch out for FCPO data today

Author:   |    Publish date:




11/2/2019

 
*FCPO Apr 19*
 
Previous Close: 2290 -28
 
Please be noted that FCPO will change active month on this Friday 15/2, traders may choose to trade May 19 contract. FCPo unable to hold above 2300 level after a technical correction from gap up, watch out for MPOB Jan data & Feb 1-10 export & production data. Related edible oils remain weak this morning, FCPO may test support 1st.
 
Hourly chart showed FCPO decline after a RSI bearish divergence, close below 2277 to trigger a double top bearish signal, may test 2200 level.
 
*Classic Support & Resistance* 
Resistance: 2312 2344
Support: 2244 2208
 
 *Recommend Trading Plan for the day:* 
1. Look for sell signal below 2277.
2. Look for buy signal above 2312. 
 
 *FCPO Margin Requirement* 
Overnight MYR 5000
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
 
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Join our FREE channels to find out more on futures trading !!!
 
Telegram link:
https://t.me/investorsdoctoracademy
 
Facebook link:
https://m.facebook.com/investorsdoctoracademy
 
Or reach out to our contact number +601153537589

Share this

  Be the first to like this.
 


 

159  134  437  1581 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.45+0.005 
 CMSB 2.47+0.11 
 VELESTO-WA 0.15+0.005 
 SAPNRG 0.27-0.005 
 VELESTO 0.35-0.005 
 WIDAD 0.395+0.005 
 AT 0.07+0.005 
 PSIPTEK-WA 0.0050.00 
 HSI-H8B 0.19-0.01 
 ALAM 0.105+0.005 

FEATURED POSTS

1. MQ Trader Workshop @ Kulai - Trading Strategy in Volatile Market MQ Trader Announcement!
Partners & Brokers