FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 3/10/2018 - Gains in US soyoil likely to push up FCPO
InvestorsDoctor
Publish date: Wed, 03 Oct 2018, 11:12 AM
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3/10/2018
FCPO Dec 18
Previous Close: 2160 +3
FCPO was almost unchanged yesterday as market stay cautious ahead of key CPO 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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