FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 16/7/2018 - Fell to nearly 3 year low
InvestorsDoctor
Publish date: Mon, 16 Jul 2018, 10:04 AM
InvestorsDoctor
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16/7/2018
*FCPO Oct 18*
Previous Close: 2159 -38
FCPO fell to its lowest in nearly 3 years as tracking declines in related edible oils and as more to bearish fundamentals & price forecast. Watch out for CPO July 1-15 export & production data. US soyoil continue to decline while Dalian palm olein -0.6%, FCPO likely to continue test support.
Weekly chart marked a long black bearish candle, while hourly chart show a potential RSI bullish divergence, may trigger technical rebound in short term.
*Classic Support & Resistance*
Resistance: 2197 2239
Support: 2143 2088
*Recommend Trading Plan for the day:*
1. Sell 2155, stop 2164, profit 2146/2137.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
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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！
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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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