FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 18/6/2018 - US trade war fears rise again, good or bad for CPO?

InvestorsDoctor
Publish date: Mon, 18 Jun 2018, 09:55 AM
InvestorsDoctor
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18/6/2018

*FCPO Sep 18*

Previous Close: 2336 +16

FCPO pushed up by some technical buying on last Thursday, but be cautious of re-ignited US trade war fears, may cap upside of FCPO, as related edible oil show weakening price. Watch out for CPO June 1-15 production & export data.

Daily & hourly chart show FCPO remains at low range since 2016, trend more to bearish.

*Classic Support & Resistance*
Resistance: 2366 2412
Support: 2303 2287

*Recommend Trading Plan for the day:*
1. Sell 2328, stop 2339, profit 2317/2306.
2. Look for buy signal if FCPO sustain above 2338.

*FCPO Margin Requirement*
Intraday MYR 2250
Overnight MYR 4500
Spread MYR 1200

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