![](/files/my/blog/img/bl3939_cpo211218.png)
21/12/2018
*FCPO Mar 19*
Previous Close: 2183 -15
FCPO retreated from high on profit taking and tracking weaker related edible oils as pressured by sinking crude oil price. Watch out for Dec 1-20 CPO production data.
Hourly chart failed to sustain above 2200, be cautious of potential retracement from 2200 level.
*Classic Support & Resistance*
Resistance: 2228 2291
Support: 2139 2069
*Recommend Trading Plan for the day:*
1. Look for buy signal above 2200.
2. Look for technical correction signal below 2161.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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