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FCPO Updates

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

 

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 24/12/2019 Sideway to higher, wait for breakout

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24/12/2019
 
*FCPO Mar 20*
 
Previous Close: 2907 -5
  
FCPO traded in tight range yesterday, wait for more breakout.
 
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. Trade in range 2870-2930
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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