FCPO Updates
Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 26/12/2019 Sideway to higher, wait for breakout
InvestorsDoctor
Publish date: Thu, 26 Dec 2019, 10:29 AM
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26/12/2019
*FCPO Mar 20*
Previous Close: 2923 +16
FCPO remain in narrow movement, but Dalian palm olein testing rebound this morning, may push up FCPO.
Hourly chart in sideway to higher trend, close above 2930 to trigger more upside.
*Classic Support & Resistance*
Resistance: 3000 3050
Support: 2880 2800
*Recommend Trading Plan for the day:*
1. Buy 2930, stop 2922, profit 2938/2946/2954
*FCPO Margin Requirement*
Overnight MYR 4000
Disclaimer: For idea sharing only, trade at your own risk
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