FCPO Updates
24 Oct - FCPO moved Higher High Yesterday, The Bullish setup May Continue
InvestorsDoctor
Publish date: Tue, 24 Oct 2017, 10:22 AM
InvestorsDoctor
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24/10/2017
FCPO Jan 18
Yesterday Close: 2787 +46
FCPO rebound strongly yesterday, closed at higher high with a daily white candle. Soyoil traded higher yesterday, and Dalian palm olein now gain more than 1%, FCPO later likely open high.
Based on hourly chart Fibo analysis, be cautious of potential retracement as price is outside of upper BB and RSI approaching overbought zone. From the recent swing we can see significant Fibo level at around 2803.
Price Level to monitor today:
Resistance 2803 2830
Support 2742 2703
Recommend Trading Plan for Today:
1. If no open high, buy at higher high 2791 with stop at 2775, recommend profit target 2807
2. If open high, look for further entry signal
3. Watch out for retracement signal to SELL
Margin requirement (per lot)
Intraday RM 2500
Overnight RM 5000
Spread RM 1000
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