FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 17/12/2018 - Watch out for Dec 1-15 CPO production & export data
InvestorsDoctor
Publish date: Mon, 17 Dec 2018, 10:10 AM
InvestorsDoctor
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17/12/2018
*FCPO Mar 19*
Previous Close: 2138 +28
FCPO rose more than 1% on last Friday as supported by expectation of slowing output in Malaysia and easing stock levels in Indonesia. Watch out for Dec 1-15 CPO production & export data. Related edible oils eased from high as tracking weakening crude oil price, FCPO likely to trade in range 1st.
Hourly chart showed FCPO move in range 2015-2148, wait for breakout.
*Classic Support & Resistance*
Resistance: 2190 2228
Support: 2069 2015
*Recommend Trading Plan for the day:*
1. Look for buy signal above 2148.
2. If price retrace 1st, look for buy signal near 2100.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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