FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 7/8/2018 - Continue in tight range before MPOB data

InvestorsDoctor
Publish date: Tue, 07 Aug 2018, 09:33 AM
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7/8/2018

 
*FCPO Oct 18*
 
Previous Close: 2206 +10
 
FCPO closed slightly higher at above 2200 as tracking gains in related edible oils. Watch out for MPOB data for July 2018. Not much changes in Dalian & US soyoil, expect FCPO to move in flat 1st.
 
Hourly chart showed FCPO entered sideway, wait for breakout.
 
 *Classic Support & Resistance*
Resistance: 2233 2272
Support: 2176 2140
 
 *Recommend Trading Plan for the day:*
1. Trade in range 2176-2233.
 
 *FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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