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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