FCPO Updates

[Palm Oil Futures] - Bullish Sentiment Still Strong

InvestorsDoctor
Publish date: Fri, 05 Jan 2018, 10:14 AM
InvestorsDoctor
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Following Message
5/1/2018
 
FCPO Mar 18
 
Previous Close: 2585 -21
 
 
FCPO fell on yesterday evening session on the back of profit taking and stronger MYR. US soyoil not much changes overnight, still testing 34 level. Dalian palm olein rebounds from losses this morning. FCPO later may 1st testing rebound.
 
Hourly chart show FCPO retreat from high as RSI overbought correction but overall remain in rebound stage.
 
Price Level to monitor today:
Resistance:  2612 2649
Support:     2558 2526
 
Recommend Trading Plan for the day:
1. Sell 2580, stop 2595, profit 15pts or above.
2. Look out for rebound signal to buy.
 
 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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