FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 17/6/2019 - Close below 2000 will be more bearish, watch out for supply & demand data

InvestorsDoctor
Publish date: Mon, 17 Jun 2019, 09:42 AM
To get more timely information on local and foreign futures markets, join us on telegram and Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/


17/6/2019
 
*FCPO Sep 19*
 
Previous Close: 2018 +3
 
FCPO was mostly unchanged on last Friday while related edible oils are slightly lower this morning, may limit upside of FCPO. Watch out for June 1-15 CPO production and export data.
 
Hourly chart showed FCPO pulled back from 38.25 Fibo retracement level of swing 2129-1974, close below 2000 will trigger more bearish signal.
 
*Classic Support & Resistance* 
Resistance:  2037 2062
Support:   1993 1974
 
 *Recommend Trading Plan for the day:* 
1. Sell 2011, stop 2019, profit 2003/1995/1987
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
 
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
 
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Join our FREE channels to find out more on futures trading !!!
 
Telegram link: 
https://t.me/investorsdoctoracademy
 
Facebook link:
https://www.facebook.com/investorsdoctoracademy
 
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589
More articles on FCPO Updates
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment