FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 12/7/2018 - Fresh low since 2016, weighed down by trade war tension & bearish Sppoma production
InvestorsDoctor
Publish date: Thu, 12 Jul 2018, 09:55 AM
InvestorsDoctor
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12/7/2018
*FCPO Sep 18*
Previous Close: 2204 -55
Please be noted that active month will change to Oct 18 by end of this week, traders may choose to trade Oct 18. FCPO fell more than 2% yesterday to new low since 2016 as pressured by weakening related edible oils and bearish Sppoma production data.
Daily chart formed 7 black candles in a row with lower highs & lows, more to bearish, but watch out for potential technical rebound from RSI oversold and there is also a potential RSI bullish divergence, waiting confirmation.
*Classic Support & Resistance*
Resistance: 2231 2272
Support: 2186 2135
*Recommend Trading Plan for the day:*
1. Sell 2201, stop 2208, profit 2194/2187.
*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............
[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............
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