FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 13/11/2018 - MPOB data above expectation, technical rebound from 2000 level
InvestorsDoctor
Publish date: Tue, 13 Nov 2018, 09:35 AM
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13/11/2018
*FCPO Jan 19*
Previous Close: 2034 -6
Please be noted that FCPO active month will change on this Thursday, 15 Nov, traders may choose to trade Feb 18 contract. FCPO rebounded from near 2000 after a bullish than expected MPOB data. However, weakness in related edible oils & crude oil likely to limit upside of FCPO.
Hourly chart formed lower highs & lows, more to bearish, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 2100 2155
Support: 2000 1950
*Recommend Trading Plan for the day:*
1. Sell 2032, stop 2042, profit 2022/2012.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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