FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 19/3/2019 - More to bearish but watch out for RSI bullish divergence

InvestorsDoctor
Publish date: Tue, 19 Mar 2019, 10:28 AM
InvestorsDoctor
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19/3/2019

 
*FCPO June 19*
 
Previous Close: 2105 -7
 
FCPO traded in tight range as its upside was limited by bearish CPO fundamentals. Related edible oils also remain in flat, FCPO likely to continue in range.
 
Hourly formed lower highs & lows, more to bearish, but watch out for potential RSI bullish divergence.
 
*Classic Support & Resistance* 
Resistance: 2127 2168
Support: 2081 2069
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2080-2130.
 
 *FCPO Margin Requirement* 
Overnight MYR 4000
Spread MYR 1200
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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