FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 14/8/2018 - Drop despite bullish Sppoma data as market react to Turkey tensions
InvestorsDoctor
Publish date: Tue, 14 Aug 2018, 10:03 AM
InvestorsDoctor
0 1,969
To get more timely information on local and foreign futures markets, join us on telegram and Facebook.
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
14/8/2018
FCPO Oct 18
Previous Close: 2204 -38
Please be noted that Aug 18 contract will be expired on 15/8, active month also will change, traders may choose to trade Nov 18 contract.
FCPO declined more than 1% yesterday as tracking weakness in related edible oils on Turkey tensions despite a more to bullish Sppoma production data. Dalian palm olein & US soyoil showed some rebound now, FCPO may test resistance 1st.
Daily chart showed FCPO testing middle line of BB, which is around 2200, close below 2200 to form weakening signal.
Classic Support & Resistance
Resistance: 2227 2265
Support: 2176 2140
Recommend Trading Plan for the day:
1. If expect for a technical rebound, buy 2209 or below, stop 2199, profit 2219/2229.
2. Sell 2199, stop 2209, profit 2189/2179.
FCPO Margin Requirement
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
Join our channels to find out more!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link: https://m.facebook.com/investorsdoctoracademy
More articles on FCPO Updates
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Apps
Top Articles
1
https://dividendguy67.blogspot.com
3
4
Good Articles to Share
Could Kamala Harris beat Donald Trump in November's presidential race?
5
Good Articles to Share
Iranian warship capsizes during repairs in port of Bandar Abbas
6
Good Articles to Share
7
Good Articles to Share
Jonathan Turley unveils exciting new book 'Free Speech in the Age of Rage'
8
Good Articles to Share
Why Impossible Foods signed hot dog-eating legend Joey Chestnut #yahoofinance #youtubeshorts
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
No trading signals available.
Stock
Time
Signal
Duration
No trading signals available.
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
