FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 10/6/2019 - Watch out for CPO export & MPOB data

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Publish date: Mon, 10 Jun 2019, 09:38 AM
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10/6/2019
 
*FCPO Aug 19*
 
Previous Close: 2028 -28
 
FCPO settled slightly lower ahead of MPOB data. Related edible oils drop further this morning, FCPO may test support level 1st. Watch out for June 1-10 CPO export data & MPOB May data.
 
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. Sell 2022, stop 2029, profit 2015/2008
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
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