FCPO Updates

09 Nov - FCPO to Test High as Soyoil trading High

InvestorsDoctor
Publish date: Thu, 09 Nov 2017, 09:35 AM
To get more timely information on local and foreign futures markets, join us on telegram and Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/
09/11/2017
 
FCPO Jan 18 
 
Previous Close: 2820 +35
 
 
FCPO supported by some late buying near market close, push up the price strongly yesterday, tracking breakout of US soyoil price overnight. Watch out for MPOB & export data tomorrow. US soyoil goes up to 35.5+ and Dalian palm olein +0.7% this morning, may cause FCPO open high later.
 
Hourly chart formed a big white candle yesterday, wait today to confirm rebound signal. With RSI & MACD crossing up, FCPO may further rebound, retest 2855 previous high. 
 
Price Level to monitor today:
Resistance 2855
Support 2800 2770
 
Recommend Trading Plan for Today:
1. Buy 2820-2825, stop 2800, profit 2840-2850
 
MPOB Survey Data
 
Bloomberg Survey Oct vs Sept MPOB:
Prod 1.94m vs 1.78m (+8.99%)
Impt 40k vs 41k
Expt 1.55m vs 1.52m (+1.94%)
LDsp 210k-250k vs 228k
Stks 2.20m vs 2.02m (+8.91%)

CIMB Oct vs Sept MPOB:
Prod 1.945m vs 1.779m (+9.33%)
Impt 41k vs 41k
Expt 1.551m vs 1.515m (+2.38%)
LDsp 229k vs 228k
Stks 2.225m vs 2.019m (+10.2%).
 
Reuters Poll Oct vs Sep MPOB:
Prod 1.95m vs 1.780m (+9.4%)
Impt 45k vs 41k
Expt 1.55m vs 1.515m (+2.3%)
LDsp 248k vs 228k
Stks 2.21m vs 2.019m (+9.6%)
 
Margin requirement (per lot)
Intraday     RM 2500
Overnight  RM 5000
Spread       RM 1000
 

To get more information on local and foreign futures markets, join us on telegram & Facebook.


Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/

 

 

More articles on FCPO Updates
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment