21/8/2019
*FCPO Nov 19*
Previous Close: 2177 +21
FCPO showed some rebound yesterday as tracking strength in related edible oils. Watch out for CPO production data 1-20 Aug. Dalian palm olein up for nearly 1% this morning, FCPo may gap up and continue test rebound.
Hourly chart formed technical correction signal, close below 2150 to trigger more downside.
*Classic Support & Resistance*
Resistance: 2200 2240
Support: 2150 2100
*Recommend Trading Plan for the day:*
1. Buy 2176, stop 2168, profit 2184/2192/2200
2. Look for sell signal below 2150
*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