FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 13/11/2019 - Some profit taking but still bullish

InvestorsDoctor
Publish date: Wed, 13 Nov 2019, 09:58 AM
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13/11/2019
 
FCPO Jan 20
 
Previous Close: 2604 -23
 
FCPO showed some profit taking yesterday but still able to hold above 2600 level. 
 
Hourly chart formed higher highs & lows, more to bullish, but be cautious of potential RSI bearish divergence.
 
Classic Support & Resistance 
Resistance:  2650 2750
Support:   2500 2440
 
 Recommend Trading Plan for the day: 
1. Sell 2593, stop 2601, profit 2585/2577/2569
 
 FCPO Margin Requirement 
Overnight  MYR 3000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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