FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 27/6/2018 - Falls most in a week on slower exports

InvestorsDoctor
Publish date: Wed, 27 Jun 2018, 10:17 AM
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27/6/2018

 
*FCPO Sep 18*
 
Previous Close: 2277 -13
 
FCPO traded in range and settled slightly lower yesterday. US soyoil & Dalian palm olein show some rebound this morning, FCPO may test resistance 1st.
 
Daily chart showed a technical rebound from RSI oversold but still more to bearish as technical indicators pointed more to downside.
 
 *Classic Support & Resistance*
Resistance: 2336 2366
Support: 2238 2186
 
 *Recommend Trading Plan for the day:*
1. Look for buy signal above 2296.
2. Look for sell signal below 2273.
 
 *FCPO Margin Requirement*
Intraday MYR 2250
Overnight MYR 4500
Spread MYR 1200
 
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