FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 26/7/2019 - Bullish and watch out for Jul 1-25 CPO data

InvestorsDoctor
Publish date: Fri, 26 Jul 2019, 10:01 AM
To get more timely information on local and foreign futures markets, join us on telegram and Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/


26/7/2019
 
FCPO Oct 19
 
Previous Close: 2058 +29
 
FCPO up for 3 days in a row as tracking strength in related edible oils. Dalian palm olein & US soyoil remain positive this morning, FCPO likely to test resistance level 1st. Watch out for Jul 1-25 CPO production data.
 
Hourly chart continue rebound from RSI bullish divergence, but be cautious as price in overbought zone.
 
Classic Support & Resistance 
Resistance:  2075 2115
Support:   2020 1990
 
 Recommend Trading Plan for the day: 
1. Buy 2063, stop 2055, profit 2071/2079/2087
2. Sell 2051 for technical correction, stop 2059, profit 2043/2035
 
 FCPO Margin Requirement 
Overnight  MYR 3000
 
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
 
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
 
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Join our FREE channels to find out more on futures trading !!!
 
Telegram link: 
https://t.me/investorsdoctoracademy
 
Facebook link:
https://www.facebook.com/investorsdoctoracademy
 
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589
More articles on FCPO Updates
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment