FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 24/12/2018 - Enter technical correction, trade in range 2100-2200

InvestorsDoctor
Publish date: Mon, 24 Dec 2018, 10:08 AM
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/



24/12/2018

 
FCPO Mar 19
 
Previous Close: 2157 -26
 
FCPO settled lower on last Friday as tracking weakness in related edible oils. Dalian palm olein & US soyoil continue to drop this morning, FCPO may continue to test support 1st.
 
Hourly chart formed a technical correction from 2200 level. Watch out the price area of Fibo retracement level 38.2-61.8 around 2086-2129 of swing 2015-2200.
 
Classic Support & Resistance 
Resistance: 2200 2245
Support: 2099 2069
 
 Recommend Trading Plan for the day: 
1. Sell 2155, stop 2163, profit 2147/2139/2131.
 
 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