![](/files/my/blog/img/bl3939_cpo010818.png)
1/8/2018
*FCPO Oct 18*
Previous Close: 2194 +2
FCPO traded in tight range after a decline in Jul CPO export. US soyoil rebounded to above 29 while Dalian palm olein +0.2% this morning, FCPO may test 2200 level 1st. Watch out for Jul CPO production data.
Hourly chart showed FCPO entered into a sideway range (2140-2220), wait for breakout.
*Classic Support & Resistance*
Resistance: 2220 2272
Support: 2140 2100
*Recommend Trading Plan for the day:*
1. Trade in range 2170-2210.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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