FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 10/7/2019 - Sideway to lower, close below 1930 to trigger more downside

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Publish date: Wed, 10 Jul 2019, 09:52 AM
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10/7/2019
 
*FCPO Sep 19*
 
Previous Close: 1942 -3
 
FCPO settled in tight range yesterday ahead of MPOB data. Watch out for MPOB, Jul 1-10 CPO production & export data. Related edible oils still in range this morning, expect FCPO to move in flat 1st.
 
Hourly chart showed FCPO in a sideway to lower trend, below 1930 to trigger more sell signal.
 
*Classic Support & Resistance* 
Resistance:  1987 2012
Support:   1900 1880
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 1930-1970
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
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