FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 14/5/2019 - Related edible oils rebound, FCPO may follow

InvestorsDoctor
Publish date: Tue, 14 May 2019, 10:06 AM
InvestorsDoctor
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Following Message


14/5/2019
 
*FCPO Jul 19*
 
Previous Close: 1985 +2
 
Please be noted that FCPO will change active month on this Wed (15/5), traders may choose to trade Aug 19. FCPO closed in flat yesterday as more to bullish Sppoma production data offset trade war tension. Related edible oils are higher this morning, FCPO may gap up and test rebound.
 
Hourly chart showed FCPO closed downside gap, close above 2000 to trigger more rebound.
 
*Classic Support & Resistance* 
Resistance:  2019 2058
Support:   1940 1900
 
 *Recommend Trading Plan for the day:* 
1. Buy 1987 for rebound, stop 1979, profit 1995//2003/2011
2. Look for sell signal below 1960
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
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