![](/files/my/blog/img/bl3939_cpo311018.png)
31/10/2018
*FCPO Jan 19*
Previous Close: 2169 -18
FCPO fell on yesterday on weak related edible oils' price. Dalian palm olein & US soyoil still weak this morning, likely to limit upside of FCPO. Watch out for CPO Oct 18 production & export data.
Hourly chart showed FCPO move in BB channel, with overall trend sideway to lower, close below 2137 to trigger more downside.
*Classic Support & Resistance*
Resistance: 2193 2207 2248
Support: 2137 2088
*Recommend Trading Plan for the day:*
1. Wait for more breakout signal.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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