FCPO Updates

06 Dec - FCPO Down with Stronger Ringgit, Selling Remain Strong

InvestorsDoctor
Publish date: Wed, 06 Dec 2017, 10:25 AM
InvestorsDoctor
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Following Message
06/12/2017
 
FCPO Feb 18
 
Previous Close: 2563 -25
 
 
FCPO fell to over 4 months low yesterday as MYR strengthened and market expectation of raising inventories on Nov 17. US soyoil not much changes overnight, while Dalian palm olein this morning -0.2%.
 
Hourly chart's technical indicators show trend in side way to lower, close below yesterday low 2544 will trigger further sell signal.
 
 Price Level to monitor today: 
Resistance:     2650 2683
Support:     2537 2500 
 
 Recommend Trading Plan for the day: 
1. Sell lower low 2543, stop 2566, profit 2520
 
 FCPO Margin Requirement 
Intraday     MYR 2250
Overnight  MYR 4500
Spread   MYR 1000
 
Disclaimer: Idea for sharing purpose, trade at your own risk.
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