![](/files/my/blog/img/bl3939_cpo171018.png)
17/10/2018
*FCPO Jan 19*
Previous Close: 2244 +2
FCPO traded almost in flat yesterday after Sppoma's reducing production data offset weakening CPO export. Related edible oils not much changes this morning, expect FCPO to trade within range 1st.
Hourly chart showed FCPO in a sideway, wait for breakout, but slightly more to downside as the price stay below 38.2 Fibo level of swing 2372-2170.
*Classic Support & Resistance*
Resistance: 2293 2341
Support: 2222 2170
*Recommend Trading Plan for the day:*
1. Trade in range 2222-2274.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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