FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 2/7/2018 - Down on profit taking & stronger MYR
InvestorsDoctor
Publish date: Mon, 02 Jul 2018, 09:55 AM
InvestorsDoctor
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2/7/2018
*FCPO Sep 18*
Previous Close: 2326 -17
FCPO fell on last Friday on profit taking & stronger MYR. Watch out for MPOB survey data and June full month production. US soyoil no changes while Dalian palm olein +0.1% this morning, FCPO may test rebound 1st.
Daily chart failed to sustain above middle line of BB, still testing rebound, but hourly chart showed a technical correction from RSI overbought.
*Classic Support & Resistance*
Resistance: 2366 2413
Support: 2271 2238
*Recommend Trading Plan for the day:*
1. Look for sell signal if unable to sustain above 2300 level.
2. Look for buy signal if break above 2348.
*FCPO Margin Requirement*
Intraday MYR 2250
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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Since 14th May 2018 (stock market reopened after 509 GE-14), FKLI Futures dropped nearly 200.5 points from high 1876.5 to recent low 1676!
Simple Calculation:
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Since 14th May 2018 (stock market reopened after 509 GE-14), FKLI Futures dropped nearly 200.5 points from high 1876.5 to recent low 1676!
Simple Calculation:
200.5 x RM 50 per index point = RM 10,025 (Potential Profit!)
Well, NOW is the time for you to understand more about FKLI Trading!
Come & Join us on 14th July 2018 from 2PM to 4PM at SI Academy.
IDA will discover together with You - What is FKLI............
https://goo.gl/forms/SyxDaLNwkuYagkA02
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