FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 28/1/2019 - Higher highs & lows, bullish but be cautious of RSI overbought

InvestorsDoctor
Publish date: Mon, 28 Jan 2019, 10:17 AM
InvestorsDoctor
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28/1/2019

*FCPO Apr 19*

Previous Close: 2294 -3

FCPO once hit above 2300 level but failed to sustain its gains, closed with almost unchanged. Related edible oils remain in rebound stage, likely to support FCPO prices.

Hourly chart formed higher highs & lows, more to bullish but trade with cautious as RSI in overbought.

*Classic Support & Resistance*
Resistance: 2348 2412
Support: 2244 2208

*Recommend Trading Plan for the day:*
1. Look for buy signal above 2307.

*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200

Disclaimer: Idea sharing only, trade at your own risk.

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