FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 6/11/2019 - Bullish but be cautious of possible short term correction

InvestorsDoctor
Publish date: Wed, 06 Nov 2019, 09:55 AM
InvestorsDoctor
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6/11/2019
 
FCPO Jan 20
 
Previous Close: 2515 -14
 
FCPO erased its gains from near 2600 level for profit taking. 
 
Hourly chart formed higher highs & lows, more to bullish, but be cautious of potential RSI bearish divergence.
 
Classic Support & Resistance 
Resistance:  2600 2640
Support:   2450 2400
 
 Recommend Trading Plan for the day: 
1. Sell 2510, stop 2518, profit 2502/2494/2486
 
 FCPO Margin Requirement 
Overnight  MYR 3000
 
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