FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 27/8/2018 - Weakness in related edible oils likely to weigh down FCPO
InvestorsDoctor
Publish date: Mon, 27 Aug 2018, 09:39 AM
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27/8/2018
*FCPO Nov 18*
Previous Close: 2219 +1
FCPO closed mostly in flat on last Friday. Dalian palm olein & US soyoil showed weakness this morning, FCPO may gap down and test support 1st. Amspec Aug 1-25 CPO export still drop but showed recovery from 1-20 data. Watch out for Sppoma Aug 1-25 data.
Daily chart showed FCPO in testing rebound while hourly chart showed FCPO in sideway, wait for more volatility.
*Classic Support & Resistance*
Resistance: 2265 2316
Support: 2176 2140
*Recommend Trading Plan for the day:*
1. Sell 2216, stop 2225, profit 2207/2198.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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