23/10/2019
*FCPO Jan 20*
Previous Close: 2317 +32
FCPO jumped to more than 8 month high yesterday as boosted by optimism on Malaysia-India trade relation. Dalian palm olein up more than 2.5% this morning, FCPO may gap up and test resistance.
Hourly chart formed higher highs & lows, more to bullish, but be cautious of RSI overbought.
*Classic Support & Resistance*
Resistance: 2350 2400
Support: 2260 2230
*Recommend Trading Plan for the day:*
1. Buy 2322, stop 2314, profit 2330/2338/2346
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our FREE channels to find out more on futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://www.facebook.com/investorsdoctoracademy
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589