FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 25/9/2018 - Forming bottom around 213+?

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Publish date: Tue, 25 Sep 2018, 09:33 AM
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25/9/2018

 
*FCPO Dec 18*
 
Previous Close: 2163 +20
 
FCPO rebounded from 3 year low as lifted by strong crude oil and as tracking strength of related edible oils. Watch out for CPO Sep 1-25 export & production data. 
 
Hourly chart showed FCPO rebounded from RSI oversold, testing to form a ground support around 213+. Watch out for double bottom rebound signal.
 
 *Classic Support & Resistance* 
Resistance: 2191 2250
Support: 2137 2100
 
 *Recommend Trading Plan for the day:* 
1. Buy 2171, stop 2161, profit 2181/2191.
 
 *FCPO Margin Requirement* 
Overnight MYR 4500
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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