![](/files/my/blog/img/bl3939_cpo091018.png)
9/10/2018
*FCPO Dec 18*
Previous Close: 2187 -34
Please be noted that FCPO will change active month on next Monday 15/10, traders may choose to trade Jan 19 contract. FCPO fell mroe than 1% yesterday as tracking weakness in related edible oils and weighed down by more to bearish 1-5 Oct CPO production & export data. Watch out for MPOB data tomorrow. Dalian palm olein rebounds this morning, FCPO may test resistance 1st.
Hourly chart showed FCPO in technical correction, break below 2179 likely to close downside gap. Key Fibo support level located at 2176/2160, Close below these levels likely to retest 2137 previous low.
*Classic Support & Resistance*
Resistance: 2235 2274
Support: 2137 2088
*Recommend Trading Plan for the day:*
1. Look for close gap sell signal below 2179.
2. Look for buy signal above 2211.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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