![](/files/my/blog/img/bl3939_cpo051018.png)
5/10/2018
*FCPO Dec 18*
Previous Close: 2230 +31
FCPO climbed to 3 week high on more to bullish MPOB survey. US soyoil retreated from high as weighed down by falling crude oil price, FCPO may gap down and test yesterday low of 2201.
Daily chart showed FCPO closed above middle line of BB with other technical indicators crossing up, more to bullish, while hourly chart formed a potential breakaway gap, FCPO may continue to test rebound.
*Classic Support & Resistance*
Resistance: 2274 2303
Support: 2179 2137
*Recommend Trading Plan for the day:*
1. Buy 2233, stop 2224, profit 2242/2251.
2. If price retrace 1st, look for buy signal near 2200.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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