FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 19/7/2019 - Testing rebound, more upside above 2000 level
InvestorsDoctor
Publish date: Fri, 19 Jul 2019, 10:27 AM
InvestorsDoctor
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19/7/2019
*FCPO Oct 19*
Previous Close: 1983 -5
FCPO closed in tight range yesterday while related edible oils also in flat this morning, FCPo likely to continue move in sideway.
Hourly chart showed FCPO in a sideway to lower trend, but be cautious of potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 2020 2070
Support: 1940 1900
*Recommend Trading Plan for the day:*
1. Trade in range 1960-2020
*FCPO Margin Requirement*
Overnight MYR 4000
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