![](/files/my/blog/img/bl3939_fcpo060818.png)
6/8/2018
*FCPO Oct 18*
Previous Close: 2196 +5
FCPO in a range bound on last Friday, as market wait for MPOB data. Not much changes for related edible oils, FCPO likely to continue move in range 1st.
Hourly chart showed FCPO entered tight range after a false breakout above 2220.
*Classic Support & Resistance*
Resistance: 2233 2272
Support: 2140 2100
*Recommend Trading Plan for the day:*
1. Buy 2199 for technical rebound, stop 2189, profit 2209/2219.
2. Look for sell signal below 2179.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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