13/4/2018

 

FCPO Jul 18

 

Previous Close: 2426 -6

 

Please be noted that active month of FCPO will be changed to Jul 18 next week, traders may choose to trade Jul 18 contract. FCPO broke lower low to test 2400 level yesterday, but managed to push back to above 2420 as supported by late buying. US soyoil not much changes while Dalian palm olein -0.3%, FCPO likely to retest yesterday low later. 

 

Daily chart show FCPO i n overall sideway to lower trend and may enter a consolidation phase. Hourly chart's technical indicators trending lower, may limit upside of FCPO.

 

 Classic Support & Resistance 

Resistance:  2443 2483 2503

Support:   2405 2382 2352

 

 Recommend Trading Plan for the day: 

1. Sell 2421 or above, stop 2429, profit 2413/2405.

2. Buy 2429 for rebound, stop 2421, profit 2437/2445.

 

 FCPO Margin Requirement 

Intraday     MYR 2250

Overnight  MYR 4500

Spread       MYR 1000

 

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