FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 7/12/2018 - Continue in range bound ,wait for more breakout signal

InvestorsDoctor
Publish date: Fri, 07 Dec 2018, 10:27 AM
InvestorsDoctor
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Following Message



7/12/2018

 
*FCPO Feb 19*
 
Previous Close: 2005 +11
 
FCPO conrtinue to move in range ahead of MPOB data, but weakening crude oil & related edible oil prices likely to limit upside of FCPO. 
 
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 1980-2040.
 
 *FCPO Margin Requirement* 
Overnight MYR 4500
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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