FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 3/9/2018 - Bullish export data support price
InvestorsDoctor
Publish date: Mon, 03 Sep 2018, 09:54 AM
InvestorsDoctor
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3/9/2018
*FCPO Nov 18*
Previous Close: 2248 +31
FCPO rebounded on last week ahead of bullish export data. Watch out for Aug full month Sppoma & MPOA production data. Dalian palm olein down slightly, FCPO may see some profit taking 1st.
Hourly chart showed FCPO in range, wait for more breakout signal.
*Classic Support & Resistance*
Resistance: 2265 2310
Support: 2214 2176
*Recommend Trading Plan for the day:*
1. Look for buy signal above 2265.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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