FCPO Updates
20 Dec - FCPO Awaiting Today Data
InvestorsDoctor
Publish date: Wed, 20 Dec 2017, 09:40 AM
InvestorsDoctor
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20/12/2017
FCPO Mar 18
Previous Close: 2521 -7
FCPO finished with slightly lower ahead of MPOA production and export data. Despite that production may reach its peak by year end, high stockpiles still an issue to cap upside of cpo price. US soyoil not much changes overnight, while Dalian palm olein see some rebound this morning with +0.38%, FCPO later may 1st test rebound.
From technical analysis, candlestick now testing middle line of BB, RSI in neutral and MACD testing zero level, overall show no strong signal for further direction.
Price Level to monitor today:
Resistance: 2560 2600
Support: 2494 2460
Recommend Trading Plan for the day:
1. Buy 2527, stop 2509, profit 2545
2. look for sell signal if break lower low below 2494.
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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