![](/files/my/blog/img/bl3939_cpo090818.png)
9/8/2018
*FCPO Oct 18*
Previous Close: 2258 +23
Please be noted that Aug 18 contract will be expired on next 15/8, active month also will change, traders may choose to trade Nov 18 contract. FCPO rose 1% yesterday on expectation that Malaysia's CPO export duty for Sept could be a zero rate. Watch out for MPOB Jul data, Aug 1-10 export & production data. Related edible oils not much changes overnight, FCPO likely to continue test rebound.
Hourly chart formed higher highs & lows, trend more to bullish, but watch out for potential technical correction as RSI in overbought.
*Classic Support & Resistance*
Resistance: 2288 2316
Support: 2219 2193
*Recommend Trading Plan for the day:*
1. Buy 2266, stop 2256, profit 2276/2286.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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