FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 28/12/2018 - Tight range, but more to bullish above 2100 level

InvestorsDoctor
Publish date: Fri, 28 Dec 2018, 09:40 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/



28/12/2018

 
*FCPO Mar 19*
 
Previous Close: 2105 +11
 
FCPO back to above 2100 with a slight gain as tracking recovery in edible oils but Dalian palm olein down on this morning, FCPO may move in range and retest 2100 level.
 
Hourly chart showed FCPO testing Fibo retracement 61.8 level of swing 1940-2200 with a tight movement yesterday, wait for breakout. 
 
*Classic Support & Resistance* 
Resistance: 2156 2200
Support: 2028 2001
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2080-2130.
 
 *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