FCPO Updates

17 Oct - FCPO, Expect Price to Rebound

InvestorsDoctor
Publish date: Tue, 17 Oct 2017, 09:24 AM
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17/10/2017
 
FCPO Jan 18 
 
Yesterday Close: 2762 +5

US Soyoil not much changes yesterday, hovering around 33.6+, while Dalian palm olein now drop a little around -0.2%, later FCPO may test retracement 2758. Yesterday FCPO closed with higher high & low, signaled that trend in rebound. 

 
Price Level to monitor today:
Resistance 2774 2784 2811
Support 2747 2722 2696
 
Recommend Trading Plan for Today:
1. Buy at higher high 2767 with stop at 2746
 
Latest Data:
CPO Oct 17 Data
 
MPOB Sep 17
Production: 1.780m vs 1.811m (-1.7%)
Export: 1.515m vs 1.488m (+1.8%)
Inventory: 2.019m vs 1.942m (+4.0%)
 
ITS Export
Oct 1-10: 448,349 v 379,652 +18.09%
Oct 1-15: 690,074 v 625,655 +10.30%
 
SPPOMA Production
Oct 1-5: +103.51%
Oct 1-10: +50.52%
Oct 1-15 : +23.17%
 
Margin requirement
Intraday     RM 2500
Overnight  RM 5000
Spread       RM 1000
 
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