FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 9/10/2019 - Entered range 2120-2180 wait for breakout

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Publish date: Wed, 09 Oct 2019, 10:19 AM
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9/10/2019

 
*FCPO Dec 19*
 
Previous Close: 2175 +15
 
FCPO retest range high ahead of MPOB data. Dalian palm olein up more than 1%, may further support FCPO prices.
 
Hourly chart in range of 2120-2180, wait for more breakout, close above 2180 to trigger more upside.
 
*Classic Support & Resistance* 
Resistance: 2230 2270
Support: 2120 2080
 
 *Recommend Trading Plan for the day:* 
1. Buy 2178, stop 2170, profit 2186/2194/2202
2. Sell 2165, stop 2173, profit 2157/2149/2141
 
 *FCPO Margin Requirement* 
Overnight MYR 3000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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