FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 24/9/2019 - In range 2150-2310, wait for breakout

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Publish date: Tue, 24 Sep 2019, 10:03 AM
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24/9/2019
 
*FCPO Dec 19*
 
Previous Close: 2189 -36
 
FCPO closed below 2200 level as tracking weakness in related edible oils. Dalian palm olein still down on this morning, FCPO may see limited upside.
 
Hourly chart move in range 2150-2310, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance:  2230 2310
Support:   2150 2080
 
 *Recommend Trading Plan for the day:* 
1. Sell 2186, stop 2194, profit 2178/2170/2162
 
 *FCPO Margin Requirement* 
Overnight  MYR 3000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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