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FCPO Updates

Author: InvestorsDoctor   |   Latest post: Wed, 11 Dec 2019, 9:56 AM

 

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 11/11/2019 - Bullish and watch out for key CPO data

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11/11/2019
 
*FCPO Jan 20*
 
Previous Close: 2573 +45
 
FCPO bounced back from losses last Friday ahead of MPOB data. Watch out for MPOB Oct result and Nov 1-10 CPO export & production figures.
 
Hourly chart formed higher highs & lows, more to bullish, close above 2600 level for more upside.
 
*Classic Support & Resistance* 
Resistance:  2650 2700
Support:   2500 2440
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2500-2600
 
 
 *FCPO Margin Requirement* 
Overnight  MYR 3000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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