FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 23/7/2019 - Testing rebound, more upside above 2000 level

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Publish date: Tue, 23 Jul 2019, 10:40 AM
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23/7/2019
 
FCPO Oct 19
 
Previous Close: 1983 +11
 
FCPO settled slight higher yesterday but still in range.
 
Hourly chart showed FCPO in a sideway to lower trend, but be cautious of potential RSI bullish divergence.
 
Classic Support & Resistance 
Resistance:  2010 2060
Support:   1940 1910
 
 Recommend Trading Plan for the day: 
1. Trade in range 1960-2000
 
 FCPO Margin Requirement 
Overnight  MYR 3000
 
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