![](/files/my/blog/img/bl3939_cpo241218.png)
24/12/2018
FCPO Mar 19
Previous Close: 2157 -26
FCPO settled lower on last Friday as tracking weakness in related edible oils. Dalian palm olein & US soyoil continue to drop this morning, FCPO may continue to test support 1st.
Hourly chart formed a technical correction from 2200 level. Watch out the price area of Fibo retracement level 38.2-61.8 around 2086-2129 of swing 2015-2200.
Classic Support & Resistance
Resistance: 2200 2245
Support: 2099 2069
Recommend Trading Plan for the day:
1. Sell 2155, stop 2163, profit 2147/2139/2131.
FCPO Margin Requirement
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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