FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 14/1/2019 - Enter trading range, wait for breakout

InvestorsDoctor
Publish date: Mon, 14 Jan 2019, 09:39 AM
InvestorsDoctor
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14/1/2019

 
*FCPO Apr 19*
 
Previous Close: 2211 +3
 
Please be noted that FCPO will change active month on tomorow 15/1 (Tuesday), traders may choose to trade Apr 18 contract. FCPO traded in flat on last Friday as market lack of catalyst. Related edible oils gained slightly this morning, FCPO may test resistance 1st.
 
Hourly chart showed FCPO move in range 2142-2237, wait for breakout, remain in rebound stage as price stay above middle line of BB and technical indicators crossing up.
 
*Classic Support & Resistance* 
Resistance: 2237 2301
Support: 2187 2142
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2187-2237, wait for breakout.
 
 *FCPO Margin Requirement* 
Overnight MYR 4500
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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