FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 18/10/2019 - Dalian remain in rebound stage, likely to support FCPO prices

InvestorsDoctor
Publish date: Fri, 18 Oct 2019, 09:49 AM
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18/10/2019
 
*FCPO Jan 20*
 
Previous Close: 2259 +7
 
FCPO up slightly yesterday as tracking rebound in related edible oils. Dalian palm olein mark some gains on this morning, likely to limit downside of FCPO.
 
Hourly chart remain in a bullish island reversal pattern, close above 2280 level to trigger more upside.
 
*Classic Support & Resistance* 
Resistance:  2310 2350
Support:   2210 2170
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 2230-2280
 
 *FCPO Margin Requirement* 
Overnight  MYR 3000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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