Morning Traders,
The market updates for FCPO (Malaysian Crude Palm Oil futures), Soybean Oil and Soybean futures has been updated in the main website pages under the blog section.
Here is the summary of the article:
1) US market is closed for Labor Day so there will be no trading in the grains.
2) Grains closed much better from their lows on on Friday.
3) Short Term Strategy is moderate long while Long Term Strategy is Neutral to slight bias to long side based on last Friday's closing price.
4) Support for FCPO is at RM2400, and next level is quite far away at RM2365 to RM2340 area.
Read the full article in the main Malaysian Online Trading Website's blog section.
Trade safe and make some money!
Best Wishes,
Tech Trader
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