FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 5/12/2018 - Continue in range bound ,wait for more breakout signal
InvestorsDoctor
Publish date: Wed, 05 Dec 2018, 10:07 AM
InvestorsDoctor
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5/12/2018
*FCPO Feb 19*
Previous Close: 2020 +20
FCPO reversed earlier losses to gain at the end of the day as supported by technical rebound in related edible oil price. Related edible oils continue to rebound on this morning, FCPO may testing previous high 1st.
Hourly chart showed FCPO move in range, wait for breakout.
*Classic Support & Resistance*
Resistance: 2078 2155
Support: 1940 1900
*Recommend Trading Plan for the day:*
1. Trade in range 1990-2050.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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