FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 20/12/2018 - Higher highs & lows, rebound stage continue
InvestorsDoctor
Publish date: Thu, 20 Dec 2018, 09:58 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/
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
20/12/2018
*FCPO Mar 19*
Previous Close: 2198 +76
FCPO edged up more than 3% to new high in Dec as tracking gains in related edible oils and on expectation of slowing CPO production after peak season. Dalian palm olein up more than 1% this morning, FCPO likely to continue test rebound above 2200 level. Watch out for CPO Dec 1-20 production & export data.
Hourly chart formed higher highs & lows after break out from previous sideway, may test 50-61.8 Fibo retracement level of swing 2398-2015. Trade with cautious as RSI approaching overbought.
*Classic Support & Resistance*
Resistance: 2228 2291
Support: 2139 2099
*Recommend Trading Plan for the day:*
1. Buy 2201, stop 2193, profit 2209/2217/2225/2233/2241/2249
*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
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Apps
Top Articles
1
https://dividendguy67.blogspot.com
3
4
Good Articles to Share
Could Kamala Harris beat Donald Trump in November's presidential race?
5
Good Articles to Share
Iranian warship capsizes during repairs in port of Bandar Abbas
6
Good Articles to Share
7
Good Articles to Share
Jonathan Turley unveils exciting new book 'Free Speech in the Age of Rage'
8
Good Articles to Share
Why Impossible Foods signed hot dog-eating legend Joey Chestnut #yahoofinance #youtubeshorts
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
No trading signals available.
Stock
Time
Signal
Duration
No trading signals available.
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
