FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 30/11/2018 - Enter sideway, required to close above 2078 to trigger further rebound signal

InvestorsDoctor
Publish date: Fri, 30 Nov 2018, 09:47 AM
InvestorsDoctor
0 1,969
To get more timely information on local and foreign futures markets, join us on telegram and Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/
Following Message



30/11/2018

 
*FCPO Feb 19*
 
Previous Close: 2027 +13
 
FCPO settled slightly higher yesterday as tracking gains in related edible oils, watch out for Nov 18 full month CPO production & export data.
 
Hourly chart showed FCPO move in range and testing 61.8 Fibo level, close above 2038 to trigger more upside. 
 
 *Classic Support & Resistance* 
Resistance: 2078 2155
Support: 1940 1900
 
 *Recommend Trading Plan for the day:* 
1. Look for buy signal above 2038.
2. If price retrace 1st, look for buy signal 1980-2000, which is around 38.2-61.8 Fibo retracement level of swing 1940-2038.
 
 *FCPO Margin Requirement* 
Overnight MYR 4500
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE videos !!!
 
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Join our other channels to find out more about futures trading !!!
 
Telegram link:
https://t.me/investorsdoctoracademy
 
Facebook link:
https://m.facebook.com/investorsdoctoracademy
More articles on FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 31/12/2019 Bullish but be cautious of overbought

Created by InvestorsDoctor | Dec 31, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 30/12/2019 Bullish but be cautious of overbought

Created by InvestorsDoctor | Dec 30, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 27/12/2019 Close above 3000, sustain above this level for more upside

Created by InvestorsDoctor | Dec 27, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 26/12/2019 Sideway to higher, wait for breakout

Created by InvestorsDoctor | Dec 26, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 24/12/2019 Sideway to higher, wait for breakout

Created by InvestorsDoctor | Dec 24, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 23/12/2019 Sideway to higher, wait for breakout

Created by InvestorsDoctor | Dec 23, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 20/12/2019 Strong rebound in related edible oils, FCPO likely gap up

Created by InvestorsDoctor | Dec 20, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 19/12/2019 Break down from sideway, triggered technical correction signal

Created by InvestorsDoctor | Dec 19, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 18/12/2019 Sideway to higher, 2930 or 2850 wait for breakout

Created by InvestorsDoctor | Dec 18, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 17/12/2019 Sideway to higher, 2930 or 2850 wait for breakout

Created by InvestorsDoctor | Dec 17, 2019

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment