FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 10/12/2019 Watch out for key CPO data today

InvestorsDoctor
Publish date: Tue, 10 Dec 2019, 09:46 AM
To get more timely information on local and foreign futures markets, join us on telegram and Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/


10/12/2019
 
*FCPO Feb 20*
 
Previous Close: 2902 +44
  
FCPO hit its highest since Feb 2017 on bullish CPO outlook. Watch out for MPOB Nov data and Dec 1-10 CPO export data today. Dalian palm olein up more than 1% this morning, FCPO may gap up and test resistance.
 
Hourly chart formed higher highs & lows, more to bullish, but be cautious as RSI in overbought. Close above 2915 to trigger more upside.
 
*Classic Support & Resistance* 
Resistance:  2950 3000
Support:   286 2790
 
 *Recommend Trading Plan for the day:* 
1. Buy 2916, stop 2908, profit 2924/2932/2940
2. Sell 2895, stop 2903, profit 2887/2879/2871
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
Disclaimer: For idea sharing only, trade at your own risk
 
JOIN US to discover more about FUTURES TRADING !!!
 
YouTube link:
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Telegram link: 
https://t.me/investorsdoctoracademy
 
Facebook link:
https://www.facebook.com/investorsdoctoracademy
 
Whatsapp link:
https://api.whatsapp.com/send?phone=601153537589
More articles on FCPO Updates
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment