FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 18/10/2019 - Dalian remain in rebound stage, likely to support FCPO prices
InvestorsDoctor
Publish date: Fri, 18 Oct 2019, 09:49 AM
InvestorsDoctor
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18/10/2019
*FCPO Jan 20*
Previous Close: 2259 +7
FCPO up slightly yesterday as tracking rebound in related edible oils. Dalian palm olein mark some gains on this morning, likely to limit downside of FCPO.
Hourly chart remain in a bullish island reversal pattern, close above 2280 level to trigger more upside.
*Classic Support & Resistance*
Resistance: 2310 2350
Support: 2210 2170
*Recommend Trading Plan for the day:*
1. Trade in range 2230-2280
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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