![](/files/my/blog/img/bl3939_cpo290618.png)
29/6/2018
FCPO Sep 18
Previous Close: 2343 +28
FCPO rose more than 1% on the back of weaker MYR and tracking strength in crude oil & related edible oils. US soyoil not much changes but Dalian palm olein up more than 1% this morning, FCPO may gap up and continue to test rebound.
Daily chart showed a technical rebound to test above middle line of BB which is around 2340.
Classic Support & Resistance
Resistance: 2399 2457
Support: 2271 2238
Recommend Trading Plan for the day:
1. Buy 2345, stop 2336, profit 2354/2363.
FCPO Margin Requirement
Intraday MYR 2250
Overnight MYR 4500
Spread MYR 1200
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