FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 8/3/2019 - In range 2100-2200, wait for breakout

InvestorsDoctor
Publish date: Fri, 08 Mar 2019, 10:04 AM
InvestorsDoctor
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8/3/2019

 
*FCPO May 19*
 
Previous Close: 2135 -22
 
FCPO fell around 1% yesterday as tracking weakness in related edible oils. Dalian palm olein no changes this morning, expect FCPO to move in range 1st.
 
Hourly chart showed FCPO move within previous swing from 2115-2217, wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 2178 2217
Support: 2115 2093 
 
 *Recommend Trading Plan for the day:* 
1. Look for sell signal below 2115.
 
 *FCPO Margin Requirement* 
Overnight MYR 4000
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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