FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 2/11/2018 - Hit more than 3 year low, more to bearish

InvestorsDoctor
Publish date: Fri, 02 Nov 2018, 09:47 AM
InvestorsDoctor
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2/11/2018

 
FCPO Jan 19
 
Previous Close: 2144 -6
 
FCPO hit its lowest in more than 3 years yesterday as tracking weakness in related edible oils & crude oil. Crude oil & Dalian palm olein continue to fall despite US soyoil bounce to above 28 this morning, FCPO likely gap down and trigger further sell signal.
 
Hourly chart showed a sideway to lower trend, break down from channel, close below 2133 to trigger more downside.
 
 Classic Support & Resistance 
Resistance: 2193 2207 2247
Support: 2133 2088
 
 Recommend Trading Plan for the day: 
1. Sell 2140 or above, stop 2150, profit 2130/2120.
 
 FCPO Margin Requirement 
Overnight MYR 4500
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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Discussions
Be the first to like this. Showing 1 of 1 comments

Alibabah

Hi Doctor, can you recommend any free App to see the live price for FCPO?

2018-11-02 10:04

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