20/9/2018
*FCPO Dec 18*
Previous Close: 2157 -41
FCPO hit near 2 month low as tracking weakness in related edible oils and as concerns on rising production. Watch out for Sep 1-20 CPO export & production data. Related edible oils continue to fall, FCPO may gap down again.
Daily & hourly charts formed lower lows, more to bearish, but watch out for potential technical rebound as RSI in oversold.
*Classic Support & Resistance*
Resistance: 2191 2227
Support: 2141 2088
*Recommend Trading Plan for the day:*
1. Sell 2155, stop 2162, profit 2148/2141.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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