FCPO Updates
07 Nov - FCPO is Expect to Open High
InvestorsDoctor
Publish date: Tue, 07 Nov 2017, 09:29 AM
InvestorsDoctor
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07/11/2017
FCPO Jan 18
Previous Close: 2783 -23
FCPO closed for 3rd consecutive day of loss, as sentiment turned bearish over expectation of rising production and inventory by survey data. US Soyoil gains and retest 35 level this morning, while Dalian shot up with +0.85%. FCPO is expect to open high.
Daily chart show 3 black crows bearish pattern. RSI & MACD also continue to cross down and price trades at lower BB based on hourly chart. Overall trend more to bearish for now, but today may begin with test rebound 1st.
Price Level to monitor today:
Resistance 2803 2821 2855
Support 2780 2760 2720
Recommend Trading Plan for Today:
1. Sell lower low 2779, stop 2790, profit 2768.
2. Watch out for rebound signal.
Margin requirement (per lot)
Intraday RM 2500
Overnight RM 5000
Spread RM 1000
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