14/11/2018
FCPO Jan 19
Previous Close: 2007 -27
Please be noted that FCPO active month will change on this Thursday, 15 Nov, traders may choose to trade Feb 18 contract. FCPO settled lower yesterday as tracking weakness of crude oil and related edible oils. Weakness continue on this morning, expect FCPO to gap down to test support.
Hourly chart break lower low, more to bearish, next Fibo level will be see at 1984/1810, but be cautious as RSI in oversold.
Classic Support & Resistance
Resistance: 2053 2100
Support: 2000 1950
Recommend Trading Plan for the day:
1. Sell 2005, stop 2016, profit 1994/1983.
FCPO Margin Requirement
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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