FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 1/11/2018 - Sideway to lower, watch out for Oct 18 CPO production data

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Publish date: Thu, 01 Nov 2018, 10:04 AM
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1/11/2018

 
*FCPO Jan 19*
 
Previous Close: 2150 -19
 
FCPO declined yesterday on weak related edible oils. Watch out for Oct CPO production. Related edible oils rebound slightly, FCPO may test rebound 1st.
 
Hourly chart showed a sideway to lower trend, wait for more breakout signal.
 
 *Classic Support & Resistance* 
Resistance: 2180 2193 2207
Support: 2137 2088
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2140-2190, wait for breakout.
 
 *FCPO Margin Requirement* 
Overnight MYR 4500
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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