FCPO Updates
[CPO Futures] - Technical Indicator Suggesting Rebound
InvestorsDoctor
Publish date: Tue, 16 Jan 2018, 09:55 AM
InvestorsDoctor
0 1,969
To get more timely information on local and foreign futures markets, join us on telegram and Facebook.
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
16/1/2018
FCPO Apr 18
Previous Close: 2556 +21
FCPO showed some rebound yesterday after weaker export data. Watch out for Sppoma production data as traders forecast falling production in coming weeks, FCPO price likely to fall further if Sppoma data do not meet expectation. US soyoil opens with some rebound too above 33.2, while Dalian palm olein -0.2% this morning. FCPO may test support and move in range.
Both hourly & daily charts show no strong direction signal but testing rebound as technical indicators pull back from bottom.
Price Level to monitor today:
Resistance: 2590 2624
Support: 2521 2504 2467
Recommend Trading Plan for the day:
1. Buy 2560, stop 2545, profit 2575
2. Look for sell signal if unable to break yesterday high 2559.
FCPO Margin Requirement
Intraday MYR 2250
Overnight MYR 4500
Spread MYR 1000
Disclaimer: Idea for sharing purpose, trade at your own risk.
To get more information on local and foreign futures markets, join us on telegram & Facebook.
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
More articles on FCPO Updates
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
Axcapital's investment blog
KAB - Executing its way to a record quarter. Could more Petronas contracts be coming?
3
4
Koon Yew Yin's Blog
6
BFM Podcast
7
Koon Yew Yin's Blog
CPO price is rising rapidly as shown by chart below - Koon Yew Yin
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
