FCPO Updates

18 Dec - FCPO Have sign of rebound

InvestorsDoctor
Publish date: Mon, 18 Dec 2017, 10:43 AM
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18/12/2017
 
FCPO Mar 18
 
Previous Close: 2551 +62
 
 
FCPO finished with a strong rebound last week on expectation that production will decline this month, wait today close higher high to confirm short term rebound signal. US soyoil fell on last week but Dalian palm olein +0.6% this morning, show that FCPO may rebound further but upside limtied.
 
Daily chart show a strong white candle and rebound from oversold, while hourly chart's indicators rebound.
 
Price Level to monitor today:
Resistance:  2560 2600
Support:     2500 2460
 
Recommend Trading Plan for the day:
1. Look for higher high buy signal at 2560
2. If price retrace 1st, buy 2518 or below, stop 2498, profit 20pts
 
 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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