30/12/2019
*FCPO Mar 20*
Previous Close: 3073 +68
FCPO jumped to test above 3100 level on last Friday on bullish CPO outlook. Dalian up around 1% this morning, likely to support CPO prices.
Hourly chart formed higher highs & lows,, more to bullish, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 3150 3250
Support: 3020 2890
*Recommend Trading Plan for the day:*
1. Buy 3080, stop 3072, profit 3088/3096/3104
2. Sell 3064, stop 3072, profit 3056/3048/3040
*FCPO Margin Requirement*
Overnight MYR 4000
Disclaimer: For idea sharing only, trade at your own risk
JOIN US to discover more about FUTURES TRADING !!!
YouTube link:
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://www.facebook.com/investorsdoctoracademy
Whatsapp link:
https://api.whatsapp.com/send?phone=601153537589