FCPO Updates

[CPO Futures] - Moved Down with Weakening Demand

InvestorsDoctor
Publish date: Wed, 21 Feb 2018, 09:51 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/
Following Message
21/2/2018
 
FCPO May 18
 
Previous Close: 2485 -30
 
 
FCPO slid on yesterday after palm oil export data show a slower growth, watch out for 1-20 Feb palm oil production data. US soyoil rebounded to above 32 overnight, FCPO later may open high and retest above 2500.
 
Daily chart indicated that FCPO enters a sideway range while hourly chart show a sideway to lower trend as technical indicators moving lower.
 
 Price Level to monitor today: 
Resistance:  2520 2555
Support:   2471 2452 2439
 
 Recommend Trading Plan for the day: 
1. Buy 2489, stop 2480, profit 2498/2507.
2. Sell 2480, stop 2489, profit 2471/2462.
 
 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
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 31/12/2019 Bullish but be cautious of overbought

Created by InvestorsDoctor | Dec 31, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 30/12/2019 Bullish but be cautious of overbought

Created by InvestorsDoctor | Dec 30, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 27/12/2019 Close above 3000, sustain above this level for more upside

Created by InvestorsDoctor | Dec 27, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 26/12/2019 Sideway to higher, wait for breakout

Created by InvestorsDoctor | Dec 26, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 24/12/2019 Sideway to higher, wait for breakout

Created by InvestorsDoctor | Dec 24, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 23/12/2019 Sideway to higher, wait for breakout

Created by InvestorsDoctor | Dec 23, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 20/12/2019 Strong rebound in related edible oils, FCPO likely gap up

Created by InvestorsDoctor | Dec 20, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 19/12/2019 Break down from sideway, triggered technical correction signal

Created by InvestorsDoctor | Dec 19, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 18/12/2019 Sideway to higher, 2930 or 2850 wait for breakout

Created by InvestorsDoctor | Dec 18, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 17/12/2019 Sideway to higher, 2930 or 2850 wait for breakout

Created by InvestorsDoctor | Dec 17, 2019

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment