![](/files/my/blog/img/bl3939_cpo281218.png)
28/12/2018
*FCPO Mar 19*
Previous Close: 2105 +11
FCPO back to above 2100 with a slight gain as tracking recovery in edible oils but Dalian palm olein down on this morning, FCPO may move in range and retest 2100 level.
Hourly chart showed FCPO testing Fibo retracement 61.8 level of swing 1940-2200 with a tight movement yesterday, wait for breakout.
*Classic Support & Resistance*
Resistance: 2156 2200
Support: 2028 2001
*Recommend Trading Plan for the day:*
1. Trade in range 2080-2130.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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