FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 28/11/2019 Entered sideway to higher trend, wait for more breakout

InvestorsDoctor
Publish date: Thu, 28 Nov 2019, 09:58 AM
InvestorsDoctor
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28/11/2019
 
FCPO Feb 20
 
Previous Close: 2687 +11
 
FCPO closed slightly higher yesterday, with Dalian palm olein testing rebound this morning, may support FCPO prices for now.
 
Hourly chart entered sideway to higher trend, 2630 or 2760 wait for breakout.
 
Classic Support & Resistance 
Resistance:  2760 2840
Support:   2630 2560
 
 Recommend Trading Plan for the day: 
1. Buy 2695, stop 2687, profit 2703/2711/2719
 
 FCPO Margin Requirement 
Overnight  MYR 4000
 
Disclaimer: For idea sharing only, trade at your own risk
 
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