FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 18/1/2019 - 1st day rebound, watch out if price to continue rebound
InvestorsDoctor
Publish date: Fri, 18 Jan 2019, 09:45 AM
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18/1/2019
*FCPO Apr 19*
Previous Close: 2198 +23
FCPO reversed losses in 2nd half trading session yesterday as sentiment turned bullish on higher price forecast from industry conference. Dalian palm olein continue rebound this morning, FCPO may test resistance 1st.
Hourly chart showed FCPO move in range 2142-2237, wait for breakout with a signal of testing rebound.
*Classic Support & Resistance*
Resistance: 2237 2312
Support: 2142 2078
*Recommend Trading Plan for the day:*
1. Buy 2202 for technical rebound, stop 2195, profit 2209/2216/2223.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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Be the first to like this. Showing 2 of 2 comments
Hi @2fast4u last Friday FCPO did gain quite strong to 2226, watch out for the previous high of 2237, lets c whether got a breakout there
2019-01-22 10:08
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2fast4u
lets see how far fcpo can bounce
2019-01-18 12:00