1/11/2018
*FCPO Jan 19*
Previous Close: 2150 -19
FCPO declined yesterday on weak related edible oils. Watch out for Oct CPO production. Related edible oils rebound slightly, FCPO may test rebound 1st.
Hourly chart showed a sideway to lower trend, wait for more breakout signal.
*Classic Support & Resistance*
Resistance: 2180 2193 2207
Support: 2137 2088
*Recommend Trading Plan for the day:*
1. Trade in range 2140-2190, wait for breakout.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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