Highlights

FCPO Updates

Author: InvestorsDoctor   |   Latest post: Wed, 20 Mar 2019, 10:14 AM

 

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 22/2/2019 - Technical rebound from Fibo level

Author:   |    Publish date:




22/2/2019

 
*FCPO May 19*
 
Previous Close: 2264 +19
 
FCPO recovered from 1 month low on technical rebound. Dalian palm olein & US soyoil rebound slightly this morning, FCPO may continue to test rebound 1st.
 
Hourly chart showed FCPO rebounded from 50% Fibo retracment level of swing 2118-2366, close below 2234 to trigger more downside. 
 
*Classic Support & Resistance* 
Resistance: 2311 2366
Support: 2234 2195 2166
 
 *Recommend Trading Plan for the day:* 
1. Buy 2271 for technical rebound, stop 2263, profit 2279/2287.
 
 *FCPO Margin Requirement* 
Overnight MYR 4000
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.
 


 

375  307  524  681 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.34-0.005 
 JAG 0.055+0.005 
 PERDANA 0.43+0.04 
 HSI-C5D 0.40-0.035 
 DAYANG 1.41+0.03 
 TALAMT 0.040.00 
 FGV 1.23+0.11 
 HSI-C3V 0.10-0.04 
 DESTINI 0.325-0.02 
 APFT 0.020.00 
Partners & Brokers