FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 15/10/2019 - Watch out for CPO 1-15 Oct export data

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Publish date: Tue, 15 Oct 2019, 10:06 AM
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15/10/2019
 
FCPO Jan 20
 
Previous Close: 2204 -29
 
FCPO extended its losses yesterday on pressure of India may restrict palm oil import from Malaysia. Watch out for CPO Oct 1-15 export data. Related edible oils are still weak this morning, may limit upside of FCPO.
 
Hourly chart gap down , close below 2170 will trigger more downside.
 
Classic Support & Resistance 
Resistance:  2260 2310
Support:   2170 2100
 
 Recommend Trading Plan for the day: 
1. Trade in range 2170-2220
 
 FCPO Margin Requirement 
Overnight  MYR 3000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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