FCPO Trading Room

[epiee]

dah makin senyap thread ni
harap2 semuanya profit

 

[Bateleur]

dah makin senyap thread ni
harap2 semuanya profit

ye lah..dalam keadaan ekonomi eko no money munkin ranai yg lebih berhati hati..


konsentradeee

 

[Bateleur]

Assallamualaikum

pagi tadi..agak sibuk di luar..hari ni tak trade

jadi saya pos lambatlah analisa ni

tapi saya pos juga..unuk buat perbandingan analisa esok..







Crude Palm Oil Futures (FCPO) 13/02/2017




Technical



Crude Palm Oil futures traded at Bursa Malaysia closed lower as Malaysia Palm Oil Board (MPOB) data shows a higher inventory compare to the market expectation.


The benchmark April 2017 delivery fell RM27 or 0.87% to settle at 3,071 ringgit per metric ton. Total volume traded recorded at 54,851 lots while open interest rose to 197,457 contracts from 196,909 contracts.




Market action saw the contract price open above the 50 days moving average line, but failed to stay above it as it fell back and ended near day low.




RSI momentum at neutral 47.2 reading.




Price swung to day high 3,135 before settling just 3 points from the day low of 3,068, forming a wider trading range of RM67. Daily candlestick chart seen a long red candle which is a bearish candle posing caution to Long position holders




Market is expectation to open neutral to weaker today as extended profit taking is expected, amid strengthening Ringgit (USD/MYR @ 4.4447 +0.01). Market is expected to have resistance of 3,105 and 3,085 capping further rise, while support should peg at 3,057 and 3,034 further down at 3,000.






Fundamental



Stronger Ringgit and MPOB data on Friday pressured Palm oil futures to broke its 3 days gain.


January Malaysian Palm Oil Board Data:
Production to drop 13.36% month to month to 1.28m tons
Export to rose 1.15% month to month to 1.28m tons
Stockpile to drop 7.55% month to month to 1.54m tons



1-10th days export data as below:
ITS: 340,947tons vs 351,907tons, -3.1%
SGS: 337,282tons vs 338,777tons, -0.4%



Soybean oil March closed 0.17% lower at USD34.61 cents per pound, tracking on palm oil



InsyaAllah..esok kita buat perbandingan

 

[epiee]

ye lah..dalam keadaan ekonomi eko no money munkin ranai yg lebih berhati hati..


konsentradeee

Tuan Bateleur je yg rajin update thread ni

bulan ni saya masih -ve
harap2 boleh recover and move from -ve to +ve

 

[Bateleur]

Assallamualaikum warahmatullahi wabarakatuh

Analisa Crude Palm Oil Futures (FCPO) 14/02/2017​

Technical



Crude Palm Oil futures traded at Bursa Malaysia extended its losses, hitting two-week low as prices were weighed down by prospect of improving levels in production.


The benchmark April 2017 delivery fell RM35 or 1.1% to settle at 3,036 ringgit per metric ton. Total volume traded recorded at 68,361 lots while open interest rose to 199,810 contracts from 197,457 contracts.



Market action saw the contract price upside was capped by 20 days moving average line, but supported by lower Bollinger band.



RSI momentum bias downside with 42.7 reading.



Price swung to day high 3,093 in the morning but unable to move higher as 20 days moving average line capped its upside. Then it fell to low at 3019 but ended slightly higher at 3035, as it was supported by the lower Bollinger band. It recorded another wide trading range of RM74. Daily candlestick chart seen 2 long red candle which is a bearish candle posing caution to Long position holders



Market expectation to open neutral to weaker today, amid Ringgit strengthen slightly (USD/MYR @ 4.4482 -0.09). Market is expected to have resistance of 3,070 and 3,057 capping further rise, while support should peg at 3,025 lower Bollinger band and 3,000, further down at 2,963.









Fundamental



Stronger Ringgit and prospect of improving levels in production pressure prices. –Neutral to negative



Soybean oil March closed 1.27% lower at USD34.17 cents per pound, tracking on palm oil. –negative



Crude oil tumbled on stronger dollar and rising U.S rig count. –negative

 

[PuTRa78]

bz dgn kerja ofis

 

[Bateleur]

Assallamualaikum warahmatullahi wabarakatuh

Analisa Crude Palm Oil Futures (FCPO) 15/02/2017​

Technical




Crude Palm Oil futures traded at Bursa Malaysia pared its losses as it settled 0.4% higher on Tuesday trading. The benchmark April 2017 delivery gained RM13 to settle at 3,049 ringgit per metric ton. Total volume traded recorded at 62,482 lots while open interest rose to 202,853 contracts from 199,810 contracts.



We use hourly chart to analyse potential movement of FCPO for intraday trading. Using Weekly PIVOT as guidance, yesterday’s rebound from the low of MYR3,010 and WS1 was capped within PIVOT point. Given the momentum reading, we expect FCPO to test the upper resistance, between 50.0% and 72% Fibonacci Retracement levels as well as WR1 at MYR3,073 to MYR3,100. Failing to breach the aforementioned levels could see a pullback toward current support.







Fundamental




Malaysian palm oil futures came off near three-month lows to trade higher on Tuesday evening on concerns about a decline in February production. –Neutral to negative



Market signals, however, were mixed earlier in the day as some forecast output gains while exports in February are expected to improve. –Neutral



Cargo surveyor releases Malaysia’s Feb 1-15 palm oil export data today



U.S. soybean futures fell to a six-day low on Tuesday, pressured by the rapidly advancing harvest of a record crop in Brazil and much-needed rains in Argentina. –negative




Crude oil pared gains as evidence surging U.S crude oil stockpiles underscore concerns that shale production might limit the effectiveness of the OPEC supply cut – negative




API reported U.S crude oil inventories rose 9.9 million barrels last week, far exceeding analysts’ forecast of 3.5 million barrels - negative

 

[Bateleur]

 

[epiee]

Overall saya masih lg loss bulan ni
Lambatnya nak recover

 

[Bateleur]

Overall saya masih lg loss bulan ni
Lambatnya nak recover

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