![](/files/my/blog/img/bl3939_cpo180718.png)
18/7/2018
*FCPO Oct 18*
Previous Close: 2171 -2
FCPO traded in flat range yesterday as market wait for more catalyst. US soyoil not much changes, remain weak around 28, while Dalian palm olein +0.47% this morning, FCPO may test rebound 1st.
Daily chart showed FCPO still more to bearish as technical indicators pointed more to downside, but watch out for potential technical rebound i nshort term as there is a RSI bullish divergence in hourly chart.
*Classic Support & Resistance*
Resistance: 2222 2275
Support: 2156 2088
*Recommend Trading Plan for the day:*
1. Trade in range 2150-2190.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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