FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 2/10/2018 - Continue in sideway, wait for breakout

InvestorsDoctor
Publish date: Tue, 02 Oct 2018, 10:15 AM
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2/10/2018

 
*FCPO Dec 18*
 
Previous Close: 2157 -17
 
FCPO fell on yesterday as concerns of rising CPO inventories outweighed positive export data. Watch out for MPOA Sept data, MPOB survey & actual data.
 
Hourly chart showed FCPO traded in range 2137-2199, wait for breakout.
 
 *Classic Support & Resistance* 
Resistance: 2199 2250
Support: 2137 2088
 
 *Recommend Trading Plan for the day:* 
1. If expect 2137 support to hold, buy 2146 or below, stop 2136, profit 2156/2166.
2. 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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