FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 21/9/2018 - Watch out Sep 1-20 CPO production data

InvestorsDoctor
Publish date: Fri, 21 Sep 2018, 09:33 AM
InvestorsDoctor
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21/9/2018

*FCPO Dec 18*

Previous Close: 2146 -11

FCPO broke lower low and settled at 2 month low as weighed down by weakening related edible oils and expectation of rising production. Dalian palm olein & US soyoil still dropping, FCPO may gap down later.

Daily & hourly charts formed lower lows, more to bearish, but watch out for potential technical rebound as RSI in oversold.

*Classic Support & Resistance*
Resistance: 2172 2191 2227
Support: 2088 2046

*Recommend Trading Plan for the day:*
1. Look for sell signal below 2137.

*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200

Disclaimer: Idea sharing only, trade at your own risk.

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