23/8/2018
*FCPO Nov 18*
Previous Close: 2241 -14
FCPO settled slightly lower om Tuesday as pressured by weaker related edible oils. Dalian palm olein & US soyoil drop now, FCPO may gap down 1st.
Daily chart showed FCPO in testing rebound while hourly chart showed FCPO in sideway, wait for more volatility.
*Classic Support & Resistance*
Resistance: 2271 2291
Support: 2225 2201
*Recommend Trading Plan for the day:*
1. Look for buy signal above 2260.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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