FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 11/9/2019 - Sustain above 2200 level, watch out for CPO production data

InvestorsDoctor
Publish date: Wed, 11 Sep 2019, 09:46 AM
InvestorsDoctor
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11/9/2019
 
*FCPO Nov 19*
 
Previous Close: 2222 +21
 
FCPO reversed its losses from below 2200 level during the session yesterday and ended with gains. Watch out for Sep 1-10 CPO Sppoma production data.
 
Hourly chart pulled back losses from below 2200 and back to previous range, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance:  2310 2400
Support:   2150 2080
 
 *Recommend Trading Plan for the day:* 
1. Buy 2234, stop 2226, profit 2242/2250/2258
 
 *FCPO Margin Requirement* 
Overnight  MYR 3000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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