FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 7/8/2019 - Bullish and watch out for RSI bearish divergence

InvestorsDoctor
Publish date: Wed, 07 Aug 2019, 10:12 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/


7/8/2019
 
*FCPO Oct 19*
 
Previous Close: 2102 +9
 
FCPO settled above 2100 level yesterday as tracking strength in related edible oils.
 
Hourly chart remained in rebound stage but RSI in overbought, be cautious of potential technical correction in short term.
 
*Classic Support & Resistance* 
Resistance:  2180 2235
Support:   2050 1960
 
 *Recommend Trading Plan for the day:* 
1. Buy 2109, stop 2101, profit 2117/2125/2133
2. Look for close downside gap signal below 2078
 
 *FCPO Margin Requirement* 
Overnight  MYR 3000
 
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
 
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
 
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Join our FREE channels to find out more on futures trading !!!
 
Telegram link: 
https://t.me/investorsdoctoracademy
 
Facebook link:
https://www.facebook.com/investorsdoctoracademy
 
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589
More articles on FCPO Updates
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment