![](/files/my/blog/img/bl3939_fcpo011018.png)
1/10/2018
*FCPO Dec 18*
Previous Close: 2174 +8
FCPO traded in tight range on last Friday as market stay cautious ahead of key CPO data. Dalian palm olein close for China long holidays while US soyoil sustain above 29, FCPO likely to hold above support level.
Hourly chart showed FCPO traded in range 2137-2199, wait for breakout.
*Classic Support & Resistance*
Resistance: 2199 2250
Support: 2137 2088
*Recommend Trading Plan for the day:*
1. Buy 2179, stop 2169, profit 2189/2199.
2. Look for sell signal below 2137.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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