FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 28/5/2019 -Move within previous range, but slightly bullish as supported by CPO data

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Publish date: Tue, 28 May 2019, 09:56 AM
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28/5/2019
 
*FCPO Aug 19*
 
Previous Close: 2025 +12
 
Bullish CPO export & production data lifted FCPO's prices yesterday. Related edible oils are slightly higher this morning, FCPO may continue to test rebound.
 
Hourly chart showed FCPO testing to close previous upside gap, with overall in a sideway 1960-2115. 
 
*Classic Support & Resistance* 
Resistance:  2044 2115
Support:   1960 1940 1900
 
 *Recommend Trading Plan for the day:* 
1. Look for buy signal above 2044
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
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