FCPO Updates

[CPO Futures] - Bullish Sentiment on Declining Production

InvestorsDoctor
Publish date: Thu, 25 Jan 2018, 09:58 AM
InvestorsDoctor
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Following Message
25/1/2018
 
FCPO Apr 18
 
Previous Close: 2521 +27
 
 
FCPO again lifted by late buying on evening trading session yesterday, charting a 3rd consecutive session of gains and close above 2500, as supported by bullish sentiment on declining production, but be cautious of stronger MYR may 1st trigger a sell down on FCPO today. US soyoil gain slightly overnight while Dalian palm olein no changes this morning.
 
Daily & hourly chart show a testing rebound signal as candles more to bullish and technical indicators crossing up, waiting for confirmation.
 
 Price Level to monitor today: 
Resistance:  2557 2600
Support:    2489 2452 2433 
 
 Recommend Trading Plan for the day: 
1. Buy 2527, stop 2514, profit 2540/2553
2. If retrace 1st, buy 2500 or below, stop 2488, profit 12pts/24pts.
 
 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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Discussions
Be the first to like this. Showing 2 of 2 comments

Why_

no CPO counters mentioned?

2018-01-25 10:10

InvestorsDoctor

Hi, we are making daily commentaries for Crude Palm Oil Futures only.

2018-01-30 10:35

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