FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 7/6/2018 - Continue in tight range ahead of MPOB official data

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Publish date: Thu, 07 Jun 2018, 09:36 AM
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7/6/2018

*FCPO Aug 18*

Previous Close: 2394 -8

FCPO traded in tight range and closed in flat as market still await for MPOB data. Dalian palm olein -0.4% while US soyoil declined to 30.6+, FCPO may test support 1st.

Daily & hourly chart show FCPO enters a sideway, wait for more breakout signal.

*Classic Support & Resistance*
Resistance: 2457 2510
Support: 2354 2324

*Recommend Trading Plan for the day:*
1. Look for breakout signal if sustain above 2413 or below 2382.

*FCPO Margin Requirement*
Intraday MYR 2250
Overnight MYR 4500
Spread MYR 1000

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