FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 4/11/2019 - Bullish but be cautious of RSI bearish divergence
InvestorsDoctor
Publish date: Mon, 04 Nov 2019, 11:02 AM
InvestorsDoctor
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4/11/2019
*FCPO Jan 20*
Previous Close: 2461 -24
FCPO down by some profit taking on last Friday. Dalian palm olein remain in rebound stage this morning, likely to limit downside of FCPO.
Hourly chart formed higher highs & lows, more to bullish, but be cautious of potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 2520 2600
Support: 2380 2320
*Recommend Trading Plan for the day:*
1. Sell 2453, stop 2461, profit 2445/2437/2429
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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