Highlights

FCPO Updates

Author: InvestorsDoctor   |   Latest post: Tue, 31 Dec 2019, 9:39 AM

 

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 23/12/2019 Sideway to higher, wait for breakout

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23/12/2019
 
FCPO Mar 20
 
Previous Close: 2912 +38
  
FCPO gap up and settled higher on last Friday as tracking strength in related edible oils. 
 
Hourly chart in sideway to higher trend, close above 2930 to trigger more upside.
 
Classic Support & Resistance 
Resistance:  2950 3000
Support:   2870 2800
 
 Recommend Trading Plan for the day: 
1. Buy 2923, stop 2915, profit 2931/2939/2947
2. Look for close gap signal below 2900
 
 FCPO Margin Requirement 
Overnight  MYR 4000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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