FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 4/7/2019 - Sideway to lower, clsoe below 1940 to trigger more downside

InvestorsDoctor
Publish date: Thu, 04 Jul 2019, 10:51 AM
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4/7/2019
 
*FCPO Sep 19*
 
Previous Close: 1956 -9
 
FCPO down slightly in a tight range yesterday as tracking weakness in related edible oils. Dalian plam olein and US soyoil not much changes this morning, FCPo may continue to move in range. 
 
rt showed FCPO in a sideway to lower trend, close below 1940 to trigger more downside.
 
*Classic Support & Resistance* 
Resistance:  1987 2012
Support:   1938 1900
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 1930-1970
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
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