FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 29/11/2019 Entered sideway to higher trend, wait for more breakout
InvestorsDoctor
Publish date: Fri, 29 Nov 2019, 09:44 AM
InvestorsDoctor
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29/11/2019
*FCPO Feb 20*
Previous Close: 2723 +36
FCPO lifted higher to above 2700 level yesterday. Dalian palm olein up nearly 1% this morning, may support FCPO prices.
Hourly chart entered sideway to higher trend, 2630 or 2760 wait for breakout.
*Classic Support & Resistance*
Resistance: 2760 2880
Support: 2630 2580
*Recommend Trading Plan for the day:*
1. Buy 2727, stop 2719, profit 2735/2743/2751
*FCPO Margin Requirement*
Overnight MYR 4000
Disclaimer: For idea sharing only, trade at your own risk
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