FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 20/9/2019 - Watch out for 1-20 Sep CPO data
InvestorsDoctor
Publish date: Fri, 20 Sep 2019, 10:04 AM
InvestorsDoctor
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20/9/2019
*FCPO Dec 19*
Previous Close: 2245 -15
FCPO settled slightly lower yesterday as tracking weaker related edible oils. Dalian palm olein extended its losses with down more than 1%, FCPO may gap down and test 2200 support level. Watch out for Sep 1-20 CPO export data.
Hourly chart move in range 2180-2330, wait for more breakout.
*Classic Support & Resistance*
Resistance: 2300 2330
Support: 2200 2180
*Recommend Trading Plan for the day:*
1. Sell 2239, stop 2247, profit 2231/2223/2215
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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