FCPO Updates

[CPO Futures] - Positive Price Development with less Production

InvestorsDoctor
Publish date: Wed, 24 Jan 2018, 10:31 AM
InvestorsDoctor
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Following Message
24/1/2018
 
FCPO Apr 18
 
Previous Close: 2494 +19
 
 
FCPO rose more than 1% in evening session on yesterday, rebounded from sharp fall during earlier session after MPOA show falling production on Jan 2018. US soyoil rebounded to around 32.50 overnight and Dalian palm olein +0.69% this morning, FCPO may open high and testing rebound.
 
Hourly chart show FCPO to trigger a further rebound signal if break above 2508. With no more lower low, it may trigger seller's profit taking and buying power to come in.
 
 Price Level to monitor today: 
Resistance:  2508 2558
Support:    2452 2433 2417 
 
 Recommend Trading Plan for the day: 
1. Buy 2500, stop 2488, profit 2512/2524
 
 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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