FCPO Updates

[Palm Oil Futures] - Strong Bullish Trend

InvestorsDoctor
Publish date: Thu, 04 Jan 2018, 10:32 AM
InvestorsDoctor
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Following Message
4/1/2018
 
FCPO Mar 18
 
Previous Close: 2606 +74
 
 
FCPO surged nearly 3% to their highest in a month on yesterday on expectations for strengthening demand in coming weeks ahead of CNY. US soyoil inched up and breakout form sideway range overnight, while Dalian palm olein +0.78% this morning, later FCPO may open high, continue to test rebound.
 
Daily chart formed a double bottom rebound signal and hourly chart's technical indicators also more to bullish. 
 
Price Level to monitor today:
Resistance:  2649 2683
Support:     2558 2526
 
Recommend Trading Plan for the day:
1. Buy 2613, stop 2593, profit 20pts or above.
 
 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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