FCPO Updates
05 Oct FCPO Daily Commentary and Trading Plan
InvestorsDoctor
Publish date: Thu, 05 Oct 2017, 10:02 AM
InvestorsDoctor
0 1,969
To get more timely information on local and foreign futures markets, join us on telegram and Facebook.
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
05/10/2017
FCPO Malaysia Palm Oil Dec 17
Yesterday Close: 2715 +32
Soyoil breakup significant resistance level and indicate the rebound should continue, FCPO is expect to open high taday, With second consercative up day in FCPO, the rebound is likely to continue as following soybean oil price movement last night. FCPO price is expect to test 2735, which the gap have unfilled from the selling.
In the Hourly chart, the Fibonacci indicate the price may test 61.8 level around at 2745, if today price movement able to break this level with a hourly bar closed above 2745 (61.8% level), this may indicate further buying interest and rebound in FCPO is likely to continue.
Price Level to monitor today:
Resistance 2735 2770
Support 2670 2650.
Recommend Trading Plan for the day:
1. Buy at 2725 higher high v stop at 2709 or
2. If price go retrace 1st, buy around 2700 or below v stop at 2687.
Factor to watch:
Soyoil price movement.
MPOB survery data from CIMB, Reuters &Bloomberg
Margin requirement
Intraday RM2500
Overnight RM5000
Spread RM1000
More articles on FCPO Updates
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Apps
Top Articles
1
https://dividendguy67.blogspot.com
3
4
Good Articles to Share
Could Kamala Harris beat Donald Trump in November's presidential race?
5
Good Articles to Share
Iranian warship capsizes during repairs in port of Bandar Abbas
6
Good Articles to Share
7
Good Articles to Share
Jonathan Turley unveils exciting new book 'Free Speech in the Age of Rage'
8
Good Articles to Share
Why Impossible Foods signed hot dog-eating legend Joey Chestnut #yahoofinance #youtubeshorts
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
No trading signals available.
Stock
Time
Signal
Duration
No trading signals available.
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
