![](/files/my/blog/img/bl3939_cpo110718r.png)
11/7/2018
*FCPO Sep 18*
Previous Close: 2259 -9
Please be noted that active month will change to Oct 18 by end of this week, traders may choose to trade Oct 18. FCPO fell more than 1% to 2 year low as tracking weakness in Dalian palm olein and pressured by more to bearish Jul CPO export data & MPOB inventory.
Daily chart formed another lower high & low but with a near Doji candle, wait for more breakout, close below 2234 to trigger further sell signal. Hourly chart show FCPO below middle line of BB, more to bearish.
*Classic Support & Resistance*
Resistance: 2297 2316
Support: 2234 2186
*Recommend Trading Plan for the day:*
1. Look for technical rebound buy signal above 2272.
2. Look for sell signal below 2234.
*FCPO Margin Requirement*
Intraday MYR 2250
Overnight MYR 4500
Spread MYR 1200
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