4/10/2018
*FCPO Dec 18*
Previous Close: 2199 +39
FCPO jumped more than 1% yesterday as boosted by rising crude oil & US soyoil price. US soyoil flat below 30, FCPo may test yesterday low 1st.
Daily chart showed FCPO testing middle line of BB, wait for confirmation, while hourly chart showed FCPO fail to sustain above previous high of 2199 and formed a shooting star signal, be cautious of potential retracement.
*Classic Support & Resistance*
Resistance: 2250 2274
Support: 2137 2088
*Recommend Trading Plan for the day:*
1. Look for buy signal above 2209.
2. Look for close gap sell signal below 2179.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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