FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 31/12/2018 - Trade in range

InvestorsDoctor
Publish date: Mon, 31 Dec 2018, 09:45 AM
InvestorsDoctor
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31/12/2018

 
*FCPO Mar 19*
 
Previous Close: 2121 +16
 
FCPO sustained above 2100 level as supported by recovery in crude oil & related edible oils prices, yet overall market still in range.
 
Hourly chart showed FCPO hold above Fibo retracement 61.8 level of swing 1940-2200 with a tight movement.
 
*Classic Support & Resistance* 
Resistance: 2156 2200
Support: 2093 2028
 
 *Recommend Trading Plan for the day:* 
1. Look for buy signal above 2129.
2. Look for sell signal below 2093.
 
 *FCPO Margin Requirement* 
Overnight MYR 4500
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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