FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 12/12/2019 Above 2930 for more upside

InvestorsDoctor
Publish date: Thu, 12 Dec 2019, 10:05 AM
InvestorsDoctor
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12/12/2019
 
*FCPO Feb 20*
 
Previous Close: 2878 -25
  
FCPO traded lower yesterday on profit taking and weighed down by slowing demand.
 
Hourly chart entered sideway to higher trend, close above 2930 to trigger more upside.
 
*Classic Support & Resistance* 
Resistance:  2930 2980
Support:   2850 2790
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2850-2930, wait for breakout
 
 *FCPO Margin Requirement* 
Overnight  MYR 4000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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