FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 8/8/2018 - Higher highs & lows to rebound

InvestorsDoctor
Publish date: Wed, 08 Aug 2018, 09:34 AM
InvestorsDoctor
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8/8/2018

 
*FCPO Oct 18*
 
Previous Close: 2235 +29
 
FCPO jumped more than 1% yesterday as supported by gains in related edible oils. Watch out for MPOB Jul data, Aug 1-10 production & export data.
 
Hourly chart showed FCPO broke out from high of 2233, triggered rebound signal.
 
 *Classic Support & Resistance*
Resistance: 2272 2316
Support: 2176 2140
 
 *Recommend Trading Plan for the day:*
1. Buy 2238, stop 2228, profit 2248/2258.
 
 *FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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