Highlights

FCPO Updates

Author: InvestorsDoctor   |   Latest post: Mon, 11 Nov 2019, 9:45 AM

 

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 15/3/2019 - More to bearish but watch out for RSI bullish divergence

Author:   |    Publish date:




15/3/2019

 
*FCPO June 19*
 
Previous Close: 2105 -21
 
FCPO marked a 7 days of losses in a row to more than 3 month low yesterday over concerns of bearish CPO outlook and EU ban against usage of CPO. Watch out for Mar 1-15 export & production data.
 
Hourly chart formed lower highs & lows, more to bearish, but be cautious of potential RSI bullish divergence.
 
*Classic Support & Resistance* 
Resistance: 2168 2218
Support: 2069 2015
 
 *Recommend Trading Plan for the day:* 
1. Sell 2101, stop 2109, profit 2093/2085/2077.
2. Sell 2090, stop 2098, profit 2082/2074/2066.
3. Buy 2116 for technical rebound, stop 2108, profit 2124/2132/2140.
 
 *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.
 


 

1993 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SCOMNET 0.8350.00 
 KOTRA 2.010.00 
 UCREST 0.1550.00 
 PINEAPP 0.3850.00 
 PUC 0.0550.00 
 WILLOW 0.4450.00 
 IRIS 0.140.00 
 TOPGLOV-C60 0.0550.00 
 BTECH 0.230.00 
 3A 0.7950.00 
Partners & Brokers