FCPO Trading Room

[PuTRa78]

kan.. minggu ni selow.. sy lihat dr luar shj.. tunggu mase nk masuk n hit jackpot.. insyallah..

 

[Bateleur]

memang betul Tuan..
masa low volume ni..banyak set up yg ke laut

ada baiknya duk tepi..

 

[Bateleur]

fcpo midday closed 2959 ( + 31 )​

 

[Bateleur]

fcpo closed 2952 ( + 24 )​

 

[uyin]

tahniah yg ov buy..n tahniah yg sell opening..

 

[epiee]

tahniah yg ov buy..n tahniah yg sell opening..

takziah yg ov sell n buy opening (

 

[PuTRa78]

takziah yg ov sell n buy opening (

tuan epiee ov sell ker??

 

[uyin]

mn tuan bartelur?

 

[Bateleur]

mn tuan bartelur?

Assallamualaikum Tuan Uyin

saya baru sampai

Outstation sekejap..tengok anak kat kolej


Lambat sikit analisa hari ni..


Crude Palm Oil Futures (FCPO) 25/11/2016




Technical



Malaysian crude palm oil futures gapped up on Thursday, before ended 1.72% higher.



The benchmark contract February 2017 rose RM50 to close at RM3004. Total volume traded recorded at 39,467 lots while open interest rose to 200,918 contracts from 196,423 contracts the previous trading day.



Market action saw palm price continues to trend above the 10 and 20 days moving average line reaffirm uptrend – positive



Candlestick chart however showed the emerging of technical selling in short term – natural to positive



RSI momentum deteriorates at 54.9 shows the market eases itself before to decide the rally strength – neutral to positive



As one of the strength in palm boosted by the foreign determinant, the rally also take cues from the sharp jump in CBOT soybean oil prices after the U.S. government raised the amount of bio-fuel that refiners must use in gasoline. We could see the price would move further up today, fueled by local and foreign catalysts however we expect profit taking may cap the palm rally.





Fundamental




Shadow market for Malaysian palm, Dalian refined palm oil rose by 0.9% to close at 6,260 yuan/ton. – positive



Palm oil’s premium over gasoil at about USD226/ton vs average of USD228 over past year – natural



Ringgit weakness will continue to support palm price. – positive



Indonesian palm output rallied from the first drop in 20 years. - natural






Resistance: 3,073 and 3,143 further up at 3,188


Support : 2,958 and 2,913.

 

[epiee]

tuan epiee ov sell ker??

saya x trade overnight bro
dah seminggu x trade...takut tgk market