FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 3/7/2018 - Trade in flat as market awaiting MPOB result
InvestorsDoctor
Publish date: Tue, 03 Jul 2018, 09:53 AM
InvestorsDoctor
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3/7/2018
FCPO Sep 18
Previous Close: 2329 +3
FCPO traded in flat yesterday after a mixed production & export data. Watch out for MPOB survery data. US soyoil & Dalian palm olein dropped slightly, FCPO may test support 1st.
Daily chart showed FCPO testing rebound above middle line of BB, yet to be confirmed, while hourly chart testing Fibo retracement 38.2% of around 2340, from previous down swing (2498-2238)
Classic Support & Resistance
Resistance: 2366 2399
Support: 2271 2238
Recommend Trading Plan for the day:
1. Trade in range 2310-2350.
FCPO Margin Requirement
Intraday MYR 2250
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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Since 14th May 2018 (stock market reopened after 509 GE-14), FKLI Futures dropped nearly 200.5 points from high 1876.5 to recent low 1676!
Simple Calculation:
200.5 x RM 50 per index point = RM 10,025 (Potential Profit!)
Well, NOW is the time for you to understand more about FKLI Trading!
Come & Join us on 14th July 2018 from 2PM to 4PM at SI Academy.
IDA will discover together with You - What is FKLI............
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