![](/files/my/blog/img/bl3939_cpo020818.png)
2/8/2018
*FCPO Oct 18*
Previous Close: 2212 +18
FCPO marked its return to above 2200 on slowing increase of Sppoma production. Dalian palm olein +1.39% this morning, expect FCPO to continue test higher.
Hourly chart showed FCPO entered into a sideway range (2140-2220), wait for breakout. Close above 2220 to trigger double bottom rebound signal.
*Classic Support & Resistance*
Resistance: 2220 2272
Support: 2140 2100
*Recommend Trading Plan for the day:*
1. Buy 2221, stop 2211, profit 2231/2241.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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