FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 21/6/2019 - Entered wide range 2000-2060, wait for breakout

InvestorsDoctor
Publish date: Mon, 24 Jun 2019, 09:50 AM
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24/6/2019
 
*FCPO Sep 19*
 
Previous Close: 2022 -1
 
FCPO closed in tight range on last Friday while Dalian palm olein drop slightly at this morning, FCPO may continue to move in range with limited upside.
 
Hourly chart pointed FCPO in a sideway, move around 38.2-61.8 Fibo retracement level of swing 2115-1964, wait for mroe breakout.
 
*Classic Support & Resistance* 
Resistance:  2059 2115
Support:   1960 1920
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2000-2060
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
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