FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 7/6/2019 - Sideway to lower, not much changes from related edible oils

InvestorsDoctor
Publish date: Fri, 07 Jun 2019, 09:58 AM
InvestorsDoctor
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7/6/2019

 
*FCPO Aug 19*
 
Previous Close: 2056 +28
 
FCPO settled higher before holiday and related edible oils are more to sideway during the holidays. 
 
Hourly chart showed FCPO in a sideway to lower trend, close below 2000 psychological level to trigger more downside.
 
*Classic Support & Resistance* 
Resistance:  2115 2179
Support:   1960 1900
 
 *Recommend Trading Plan for the day:* 
1. Buy 2062, stop 2055, profit 2069/2086/2093
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
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