FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 22/11/2018 - Testing bottom rebound, see whether got higher high & low waves

InvestorsDoctor
Publish date: Thu, 22 Nov 2018, 09:44 AM
InvestorsDoctor
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22/11/2018

*FCPO Feb 19*

Previous Close: 2006 +20

FCPO settled higher at above 2000 on technical buying. Watch out for MPOA 1-20 production data. Dalian palm olein up slightly this morning, FCPO may test yesterday high 1st.

Hourly chart testing a bottom rebound, required to close above 2021 to retest previous high of 2066.

*Classic Support & Resistance*
Resistance: 2066 2155
Support: 1949 1900

*Recommend Trading Plan for the day:*
1. Look for technical rebound buy signal above 2017.

*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200

Disclaimer: Idea sharing only, trade at your own risk.

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