FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 18/4/2019 - Testing bottom rebound, watch out for Fibo retracement level
InvestorsDoctor
Publish date: Thu, 18 Apr 2019, 10:02 AM
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18/4/2019
FCPO Jul 19
Previous Close: 2205 +32
FCPO rose for 2nd straight session to above 2200 yesterday on the back of weaker MYR.
Daily chart testing bottom rebound, watch out for 38.2-61.8 Fibo retracement level which is around 2222/2251/2279.
Classic Support & Resistance
Resistance: 2248 2283
Support: 2167 2131
Recommend Trading Plan for the day:
1. Buy 2220, stop 2212, profit 2228/2236/2244
FCPO Margin Requirement
Overnight MYR 4000
Disclaimer: Idea sharing only, trade at your own risk.
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