FCPO Updates
[Palm Oil Futures] - Awaiting Jan Full Month Data for Next Direction
InvestorsDoctor
Publish date: Tue, 30 Jan 2018, 10:37 AM
InvestorsDoctor
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30/1/2018
FCPO Apr 18
Previous Close: 2519 +35
FCPO rose more than 1% on evening session yesterday, recover its straight 2 day losses and testing rebound ahead of Jan full month export & production. US soyoil not much changes yesterday while Dalian palm olein -0.2% this morning, FCPO later may 1st test retracement.
Hourly chart's technical indicators show FCPO testing rebound and will trigger a buy signal if close above 2526, which is previous high.
Price Level to monitor today:
Resistance: 2526 2558 2600
Support: 2478 2452 2433
Recommend Trading Plan for the day:
1. Sell 2511, stop 2522, profit 2500/2489
2. Buy 2527, stop 2515, profit 2539/2551.
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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