2/11/2018
FCPO Jan 19
Previous Close: 2144 -6
FCPO hit its lowest in more than 3 years yesterday as tracking weakness in related edible oils & crude oil. Crude oil & Dalian palm olein continue to fall despite US soyoil bounce to above 28 this morning, FCPO likely gap down and trigger further sell signal.
Hourly chart showed a sideway to lower trend, break down from channel, close below 2133 to trigger more downside.
Classic Support & Resistance
Resistance: 2193 2207 2247
Support: 2133 2088
Recommend Trading Plan for the day:
1. Sell 2140 or above, stop 2150, profit 2130/2120.
FCPO Margin Requirement
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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Alibabah
Hi Doctor, can you recommend any free App to see the live price for FCPO?
2018-11-02 10:04