28/12/2017
FCPO Mar 18
Previous Close: 2538 +34
FCPO hit its highest in more than a week on a rise in CPO export and tracking rebound of US soyoil. US soyoil dropped slightly overnight, while Dalian palm olein +0.19% this morning.
Hourly chart's technical indicators still in rebound, close above 2557 to form a double bottom rebound signal.
Price Level to monitor today:
Resistance: 2557 2772
Support: 2503 2451
Recommend Trading Plan for the day:
1. Buy higher high 2542, stop 2531, profit 2552.
2. If price go retrace, buy 2512 or below, stop 2502, profit 10pts or above.
FCPO Margin Requirement
Intraday MYR 2250
Overnight MYR 4500
Spread MYR 1000
Disclaimer: Idea for sharing purpose, trade at your own risk.