FCPO Updates

[CPO Futures] - Continue on Low Volatility

InvestorsDoctor
Publish date: Wed, 28 Mar 2018, 09:44 AM
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28/3/2018
 
FCPO June 18
 
Previous Close: 2431 -3
 
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 -0.3% this morning, FCPO may test support 1st later.
 
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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