![](/files/my/blog/img/bl3939_cpo250918.png)
25/9/2018
*FCPO Dec 18*
Previous Close: 2163 +20
FCPO rebounded from 3 year low as lifted by strong crude oil and as tracking strength of related edible oils. Watch out for CPO Sep 1-25 export & production data.
Hourly chart showed FCPO rebounded from RSI oversold, testing to form a ground support around 213+. Watch out for double bottom rebound signal.
*Classic Support & Resistance*
Resistance: 2191 2250
Support: 2137 2100
*Recommend Trading Plan for the day:*
1. Buy 2171, stop 2161, profit 2181/2191.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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