FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 23/9/2019 - In range 2200-2300, wait for breakout
InvestorsDoctor
Publish date: Mon, 23 Sep 2019, 10:13 AM
InvestorsDoctor
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23/9/2019
*FCPO Dec 19*
Previous Close: 2225 -20
FCPO settled lower on last Friday as tracking weaker related edible oils and on slowing CPO export. Dalian palm olein testing rebound this morning, FCPO may test resistance level. Watch out for Sep 1-20 CPO Sppoma production data.
Hourly chart move in range 2180-2330, wait for more breakout.
*Classic Support & Resistance*
Resistance: 2300 2330
Support: 2180 2110
*Recommend Trading Plan for the day:*
1. Look for sell signal below 2200
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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