![](/files/my/blog/img/bl3939_cpo030818.png)
3/8/2018
*FCPO Oct 18*
Previous Close: 2191 -21
FCPO fell on yesterday as tracking weakness in related edible oils on the back of trade war concerns.
Hourly chart showed a false breakout above 2220 and retreat to below 2200, close below 2176 may test previous low of 2140.
*Classic Support & Resistance*
Resistance: 2233 2272
Support: 2140 2100
*Recommend Trading Plan for the day:*
1. Sell 2188, stop 2194, profit 2182/2176.
2. Look for buy signal above 2215.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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