FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 20/8/2018 - Related edible oils continue rebound, add some ground to FCPO
InvestorsDoctor
Publish date: Mon, 20 Aug 2018, 09:33 AM
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20/8/2018
*FCPO Nov 18*
Previous Close: 2238 +16
FCPO rose to above 2230 as tracking recovery in related edible oils. Watch out for Aug 1-20 CPO export & production data. Both Dalian palm olein & US soyoil continue rebound, FCPO likely gap up to test previous high.
Daily & hourly chart showed FCPO in testing rebound, wait for more breakout signal.
*Classic Support & Resistance*
Resistance: 2271 2291
Support: 2201 2157
*Recommend Trading Plan for the day:*
1. Look for buy signal above 2250.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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