![](/files/my/blog/img/bl3939_cpo170718.png)
17/7/2018
*FCPO Oct 18*
Previous Close: 2173 +14
FCPO showed some technical rebound after long row of losses on the back of CPO export recovery. US soyoil not much changes while Dalian palm olein +0.86% this morning, FCPO may continue to test rebound.
Daily chart showed FCPO sustain above low of 2156 while there is a RSI bullish divergence in hourly chart, watch out for potential technical rebound signal.
*Classic Support & Resistance*
Resistance: 2222 2275
Support: 2156 2088
*Recommend Trading Plan for the day:*
1. If expect 2156 to hold, find a buy signal below 2170 with stop loss if 2156 support broken.
2. Look for buy signal above 2188.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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