FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 10/7/2018 - Watch out MPOB, Jul 1-10 export & production data
InvestorsDoctor
Publish date: Tue, 10 Jul 2018, 10:01 AM
InvestorsDoctor
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10/7/2018
*FCPO Sep 18*
Previous Close: 2268 +2
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 5 straight day of losses as market stay cautious ahead of MPOB data. Dalian palm olein -1%, may drag down FCPO price. Watch out for MPOB data, July 1-10 export & production data.
Daily chart formed bearish candles in a row with lower highs & lows, more to bearish, while hourly chart showed FCPO below 38.2 Fibo retracement of previous swing 2238-2348, may retest previous low.
*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
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[Free English Seminar]
期货&原产品投资交易- 赌博？高风险投资？需要大笔资金？
Futures & Commodities Trading - Gambling? High Risk? Require Big Capital?
不对！如果您一直以来有这样的想法，是时候让IDA 破解您对期货交易的迷思和误解！
NO! Time to Crack All The Myths of Trading Commodities Futures!
Myth 1: Trading is all about making Fash-Cash!
Myth 2: You must have perfect timing to pick highs & lows.
Myth 3: You need a lot of money to start strading.
Myth 4: You must know what will happen next.
Myth 5: You can only make money in trending markets or 'easy' market conditions etc............
IDA will make you fully awake and hate yourself for not knowing about futures trading 20-30 years earlier!
Register Now! Whatsapp to 011-5353 7589 OR
Click the link below: https://goo.gl/forms/shBJRmtlooDpcvyj1
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