FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 29/6/2018 - Continue to rebound on weak MYR and strong crude oil & Dalian plam olein

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Publish date: Fri, 29 Jun 2018, 09:34 AM
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29/6/2018

 
FCPO Sep 18
 
Previous Close: 2343 +28
 
FCPO rose more than 1% on the back of weaker MYR and tracking strength in crude oil & related edible oils. US soyoil not much changes but Dalian palm olein up more than 1% this morning, FCPO may gap up and continue to test rebound. 
 
Daily chart showed a technical rebound to test above middle line of BB which is around 2340.
 
 Classic Support & Resistance 
Resistance: 2399 2457
Support: 2271 2238
 
 Recommend Trading Plan for the day: 
1. Buy 2345, stop 2336, profit 2354/2363.
 
 FCPO Margin Requirement 
Intraday MYR 2250
Overnight MYR 4500
Spread MYR 1200
 
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