FCPO Updates

10 Nov - FCPO Awaiting ITS & MPOB Data

InvestorsDoctor
Publish date: Fri, 10 Nov 2017, 10:17 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/
10/11/2017
 
FCPO Jan 18 
 
Previous Close: 2809 -11
 
 
FCPO fell in evening session yesterday after break previous day high, as market expected weaker CPO export data today. Watch out for MPOB & ITS/SGS export data today. US soyoil drop back to range of 35.2+ and Dalian palm olein fall a little around 0.1% today, FCPO later may first test support.
 
Daily chart formed a dark cloud cover, wait today close black to confirm the signal. Hourly chart's technical indicators in neutral. Fibo analysis show price move in between 23.6%-50% level.
 
Price Level to monitor today:
Resistance 2838 2855
Support  2770
 
Recommend Trading Plan for Today:
1. Trade in range and wait for cpo data today to determine further direction. Sell 2830 or above, stop 2746, profit 2800-2810.
2. If price go low first, buy below 2790, stop 2770, profit 2805-2815.
3. Sell lower low 2804, stop 2818, profit 2790.
 
Margin requirement (per lot)
Intraday     RM 2500
Overnight  RM 5000
Spread       RM 1000.
 
Data Today
 
1-10 Nov Export and Oct MPOB
 
 

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