FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 22/4/2019 - Upside may limited by weaker CPO export data

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Publish date: Mon, 22 Apr 2019, 10:12 AM
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22/4/2019
 
*FCPO Jul 19*
 
Previous Close: 2190 +7
 
FCPO settled slightly higher on last Friday as supported by weaker MYR, but upside may limited by slowing growth in CPO export. Watch out for Apr 1-20 Sppoma production data.
 
Hourly chart showed FCPO move in range 38.2-61.8 Fibo retracement level 2139-2235 while technical indicators in neutral, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance:  2235 2278
Support:   2139 2092
 
 *Recommend Trading Plan for the day:* 
1. trade in range 2160-2220.
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
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