FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 9/7/2018 - Market stay cautious ahead of MPOB data
InvestorsDoctor
Publish date: Mon, 09 Jul 2018, 10:00 AM
InvestorsDoctor
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9/7/2018
FCPO Sep 18
Previous Close: 2266 -18
Please be noted that active month will change to Oct 18 by end of this week, traders may choose to trade Oct 18. FCPO marked a 4 straight day of losses as tracking weakness in related edible oil. US soyoil and Dalian palm olein showed technical rebound, FCPO may testing rebound 1st.
Daily chart formed bearish candles in a row with lower highs & lows, mroe to bearish, while hourly chart showed FCPO below 38.2 Fibo retracement of previous swing (2238-2348), more to bearish and RSI approaching oversold.
Classic Support & Resistance
Resistance: 2297 2316 2348
Support: 2238 2200
Recommend Trading Plan for the day:
1. Sell 2263, stop 2273, profit 2253/2243.
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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