FCPO Updates
23 Oct - FCPO Likely to Open High
InvestorsDoctor
Publish date: Mon, 23 Oct 2017, 10:00 AM
InvestorsDoctor
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23/10/2017
FCPO Jan 18
Yesterday Close: 2741 +18
FCPO closed in gained on last Friday, price retest resistance 2746 level. US Soyoil show some rebound at 34.2+, while Dalian palm olein up around 1.33% in the morning, FCPO likely open high later to reflect what had not traded.
Based on hourly chart Fibo analysis, FCPO move in flag range waiting for breakout. Price today may retest 685.4% (a ratio base on Fibonacci mathematics) which is around 2746 resistance.
Price Level to monitor today:
Resistance 2746 2770 Support 2721 2703
Recommend Trading Plan for Today:
1. If no open high, buy at higher high 2746 with stop at 2720, profit 2772
2. If open high, look for further entry signal
Margin requirement (per lot)
Intraday RM 2500
Overnight RM 5000
Spread RM 1000
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%
Oct 1-20: 951,339 v 852,206 +11.60%
SPPOMA Production
Oct 1-5: +103.51%
Oct 1-10: +50.52%
Oct 1-15: +23.17%
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