27/3/2018

 

FCPO June 18

 

Previous Close: 2434 +8

 

FCPO continues to move in tight range as market stay cautious ahead of uncertainty on how market will react after export tax resume and recovering production in Apr. US soyoil remain no change at around 31.5, while Dalian palm olein also no change this morning, expect FCPO to continue trade in range.

 

FCPO in sideway range, wait for breakout.

 

 Classic Support & Resistance 

Resistance:  2458 2491

Support:   2407 2350

 

 Recommend Trading Plan for the day: 

1. Trade in range 2400-2460.

 

 FCPO Margin Requirement 

Intraday     MYR 2250

Overnight  MYR 4500

Spread       MYR 1000

 

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