FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 11/1/2019 - Bearish MPOB data to limit upside of FCPO

InvestorsDoctor
Publish date: Fri, 11 Jan 2019, 09:49 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/
Following Message



11/1/2019

 
*FCPO Mar 19*
 
Previous Close: 2163 -19
 
Please be noted that FCPO will change active month on next Tuesday (15/1), traders may choose to trade Apr 18 contract. FCPO settled lower yesterday as pressured by bearish MPOB data. Watch out for Jan 1-10 CPO production data. Related edible oils continue to drop on this morning, likely to limit upside of FCPO.  
 
2200 level remain as strong resistance, FCPO back into range of 2090-2200. Fibo retracement of swing 2093-2202 suggested that close below 2135 (38.2) to trigger more downside to below 2100. Technical indicators more to neutral while price move in BB channel.
 
*Classic Support & Resistance* 
Resistance: 2200 2265
Support: 2093 2001
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2140-2190, wait for breakout.
 
 *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 futures trading videos !!!
 
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Join our FREE channels to find out more on futures trading !!!
 
Telegram link:
https://t.me/investorsdoctoracademy
 
Facebook link:
https://m.facebook.com/investorsdoctoracademy
 
Or reach out to our contact number +601153537589
More articles on FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 31/12/2019 Bullish but be cautious of overbought

Created by InvestorsDoctor | Dec 31, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 30/12/2019 Bullish but be cautious of overbought

Created by InvestorsDoctor | Dec 30, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 27/12/2019 Close above 3000, sustain above this level for more upside

Created by InvestorsDoctor | Dec 27, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 26/12/2019 Sideway to higher, wait for breakout

Created by InvestorsDoctor | Dec 26, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 24/12/2019 Sideway to higher, wait for breakout

Created by InvestorsDoctor | Dec 24, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 23/12/2019 Sideway to higher, wait for breakout

Created by InvestorsDoctor | Dec 23, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 20/12/2019 Strong rebound in related edible oils, FCPO likely gap up

Created by InvestorsDoctor | Dec 20, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 19/12/2019 Break down from sideway, triggered technical correction signal

Created by InvestorsDoctor | Dec 19, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 18/12/2019 Sideway to higher, 2930 or 2850 wait for breakout

Created by InvestorsDoctor | Dec 18, 2019

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 17/12/2019 Sideway to higher, 2930 or 2850 wait for breakout

Created by InvestorsDoctor | Dec 17, 2019

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment