FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 13/12/2018 - Trade in range 2000-2050

InvestorsDoctor
Publish date: Thu, 13 Dec 2018, 09:55 AM
InvestorsDoctor
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13/12/2018

 
*FCPO Feb 19*
 
Previous Close: 2032 +17
 
Please be noted that FCPO will change active month by end of this week, traders may choose to trade Mar 19 contract. FCPO settled slightly higher yesterday on the back of related edible oils, but retreat on this morning, so FCPO may test support 1st.
 
Hourly chart showed FCPO move in range 1940-2078, wait for breakout. 
 
 *Classic Support & Resistance* 
Resistance: 2078 2155
Support: 1979 1940
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2000-2050.
 
 *FCPO Margin Requirement* 
Overnight MYR 4500
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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