![](/files/my/blog/img/bl3939_cpo250718.png)
25/7/2018
*FCPO Oct 18*
Previous Close: 2152 -17
FCPO fell to test previous low yesterday on expectation of rising production in coming weeks. US soyoil & Dalian palm olein showed technical rebound, plus Intertek reported positive CPO Jul 1-25 export data, FCPO may test to rebound 1st.
Daily & hourly chart show more to bearish, close below 2144 to trigger further down signal.
*Classic Support & Resistance*
Resistance: 2189 2220
Support: 2100 2088
*Recommend Trading Plan for the day:*
1. Look for sell signal below 2144.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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