FCPO Updates

Author: InvestorsDoctor   |   Latest post: Thu, 25 Apr 2019, 10:28 AM


Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 13/3/2019 - More to bearish but watch out for RSI bullish divergence

Author:   |    Publish date:


*FCPO May 19*

Previous Close: 2116 -3

Please be noted that FCPO will change active month by this Friday 15/3, traders may choose to trade Jun 19. FCPO was unchanged yesterday but related edible oils rebound slightly this morning, FCPO may also test rebound 1st.

Hourly chart showed FCPO remain in correction stage, close below 2093 to trigger more downside, and watch out for potential RSI bullish divergence.

*Classic Support & Resistance*
Resistance: 2217 2278
Support: 2019 1940

*Recommend Trading Plan for the day:*
1. Buy 2115 or below for technical rebound ,stop 2107, profit 2123/2131/2139/2147.
2. Look for sel lsignal below 2090.

*FCPO Margin Requirement*
Overnight MYR 4000
Spread MYR 1200

Disclaimer: Idea sharing only, trade at your own risk.

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