FCPO Trading Room

[epiee]

x besar mane tuan.. 20pts jer..

20points besar untuk saya tu
dapat 1lot pon dah syukur

hebat tuan trade byk lot dgn target besar

 

[Bateleur]

ASSALLAMUALAIKUM WARAHMATULLAHI WABARAKATUH

SALAM MAULIDURRASSUL

​

Analisa Crude Palm Oil Futures (FCPO) 05/12/2016




Technical



Crude Palm Oil futures traded at Bursa Malaysia Derivatives closed off the day high on a disappointing trading session. Earlier price managed to break above the psychological level at 3100 but was unable to sustain as profit taking activity dragged price lower.



The benchmark February 2017 contract closed down 3 points at 3,076 ringgit per metric ton but still managed to post a 2nd straight weekly gain. Total traded volume stood at 39,998 while open interest decline further to 183,114 contracts from 188,298 contracts the previous trading day.



Market price failed to hold above 3100 level and retreated to close near the day low, painted a toppish outlook – positive to neutral



However sentiment remains bullish as price still managed to hold above the immediate support level at 7-SMA line – positive



RSI momentum line hovering around the 70 level – neutral



For today’s market, expect price to continue to consolidate around 3060-3106. A break above 3100 level could see buying activity returning to the market, targeting around 3110++. On the downside, a failure to defend the support level at 3055 (7-SMA) could trigger a new wave of selling pressure towards 3019.






Fundamental



Soybean futures extended its weekly decline as favorable weather in Brazil boost crops

Soyoil futures retreated last Friday on profit taking after Thursday’s surged. However price still managed to post a 2nd straight weekly gain

Oil retreated as U.S producers continued to boost drilling after OPEC agreed to reduce output. WTI crude oil price still holding above 50 levels



Resistance : 3100 level could see buying activity returning to the market, targeting around 3110++.


support : 3055 (7-SMA) could trigger a new wave of selling pressure towards 3019.

 

[Bateleur]

FCPO CLOSED 3137 ( + 61 )

Hi 3148


Lo 3076


Vol 21372​

 

[Bateleur]

SALAM MAULIDURRASUL​

aNALISA crude Palm Oil Futures (FCPO) 06/12/2016




Technical



Crude palm oil futures traded at Bursa Malaysia Derivatives traded at Bursa Malaysia Derivatives ended on a bullish note after price successfully closed above the 3100 level. Buying gained momentum after surpassing the recent resistance at 3106. Prices were also supported by strong demand from China.



The benchmark contract (February 2017) is up 59 points at 3,135 ringgit per metric ton. Total traded volume was high at 45,826 while open interest was high at 188,654



Market saw a bullish closing as price managed to break above the psychological level at 3100, erasing last Friday’s toppish candle. – neutral to positive



Sentiment remains bullish as long as price holds above the support at 3074 (7-SMA) – positive



RSI inching higher to an overbought level, currently at 73.5 – neutral




For today expect some pullback towards the immediate support at 3100 level in view of overnight losses in the soyoil market. A failure to defend 3100 could see further sell-off towards 3040-3074 range. Market sentiment to remain bullish should price holds above the 3074 (7-SMA) level. Upside is seen limited to 3148 with further upside at 3160







Fundamental




Soybean rebounded after recently losses in view of higher demand from China

However soyoil ended flat, hovering within the 37.5 – 38.0 range

WTI crude oil retreated as market doubts that OPEC cuts would be sufficient to reduce over supply given increased U.S drilling





selamat berdagang..

 

[Bateleur]

fcpo opened 3118 ( -17 )


fcpo midday close 3110 ( -25 )

 

[uyin]

Tahniah yg buy time open kul 3ptg td..hehe..

 

[Bateleur]

Tahniah yg buy time open kul 3ptg td..hehe..

TAHNIAH TUAN UYIN

 

[Bateleur]

SALAM MAULIDURRASUL​

bagaimana sambutan tempat Tuan2 tahun ni?
saya InsyaAllah nak join sambutan kat KL nanti..



Analisa Crude Palm Oil Futures (FCPO) 9 RabiuulAwal 1438 / 08/12/2016




Technical


Crude palm oil futures traded at Bursa Malaysia Derivatives closed lower. The benchmark most active February contract delivery fell RM41 or 1.29% lower to settle at 3,142 ringgit per metric ton. Total volume traded recorded at 45,529 lots while open interest reduced to 184,377contracts from 188,074 contracts the previous trading day.



Market action saw the edible oil price retraced from daily Upper Bollinger band – neutral to negative



Current level is still above the 20 and 40 days moving average line - positive




RSI momentum level at 69.3 moving away from overbought zone– neutral



The market has formed 7 consecutive higher highs on the candlestick chart signaling a healthy uptrend - positive



Technically, the market could see the uptrend to continue with its higher high despite a minor retracement on yesterday session. Support for any pullback seen at 3,105 and 3,070 further down at 3,046 while resistance capping further rallies seen at 3,188 and 3,203.







Fundamental



Palm oil futures retraced from high due profit taking activities on recent rally.– neutral

MPOB data expected to be release on next Monday, investors are expecting the stocks would rise due to weak export. – neutral to negative

Soy price rise the third day, as traders position themselves in advance of Friday’s USDA crop report. – neutral to positive

 

[Bateleur]

fcpo opened 3112 ( - 30 )​

 

[Bateleur]

fcpo midday closed 3124 (- 18 )​