![](/files/my/blog/img/bl3939_cpo021018.png)
2/10/2018
*FCPO Dec 18*
Previous Close: 2157 -17
FCPO fell on yesterday as concerns of rising CPO inventories outweighed positive export data. Watch out for MPOA Sept data, MPOB survey & actual data.
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. If expect 2137 support to hold, buy 2146 or below, stop 2136, profit 2156/2166.
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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