FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 5/7/2019 - Sideway to lower, clsoe below 1940 to trigger more downside

InvestorsDoctor
Publish date: Fri, 05 Jul 2019, 09:48 AM
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5/7/2019
 
*FCPO Sep 19*
 
Previous Close: 1950 -6
 
FCPO down slightly in a tight range yesterday as tracking weakness in related edible oils. Dalian plam in flat 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 1930-1980
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
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