FCPO Updates
[CPO Futures] - Better Export Lift Up Price
InvestorsDoctor
Publish date: Mon, 12 Feb 2018, 09:52 AM
InvestorsDoctor
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12/2/2018
FCPO May 18
Previous Close: 2514 +19
FCPO will change active contract month by this week, traders may choose to trade contract May 18. FCPO rebounded from losses on last week and finished above 2500 on weaker MYR and expectation of stronger palm oil export data. Watch out for MPOB data today. US soyoil once broke below 32 and bounce back to side way range, while Dalian palm olein no changes, FCPO may open flat or slightly lower.
Hourly chart show FCPO in side way to lower range but in testing rebound as technical indicators crossing up. FCPO may test resistance level 1st.
Price Level to monitor today:
Resistance: 2525 2555 2582
Support: 2471 2452 2439
Recommend Trading Plan for the day:
1. Buy 2519, stop 2503, profit 2535.
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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