FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 15/7/2019 - Watch out for Jul 1-15 CPO data
InvestorsDoctor
Publish date: Mon, 15 Jul 2019, 09:59 AM
InvestorsDoctor
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15/7/2019
*FCPO Oct 19*
Previous Close: 1973 +6
FCPO closed in tight range on last Friday but upside may limited by more to bearish outlook. Watch out for CPO Jul 1-15 production & export data. Dalian palm olein testing rebound this morning, FCPO may test resistance 1st.
Hourly chart showed FCPO in a sideway to lower trend, below 1940 to trigger more sell signal, but be cautious of potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 2000 2030
Support: 1940 1900
*Recommend Trading Plan for the day:*
1. Trade in range 1940-2000
*FCPO Margin Requirement*
Overnight MYR 4000
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