![](/files/my/blog/img/bl3939_cpo22119.png)
22/1/2019
*FCPO Apr 19*
Previous Close: 2226 +28
FCPO jumped to near 3 month high on last Friday as supported by rebound in crude oil & related edible oil prices. Watch out for Jan 1-20 CPO export & production data.
Hourly chart showed FCPO remain in sideway, but nearer to resistance, may test for a breakout.
*Classic Support & Resistance*
Resistance: 2237 2312
Support: 2142 2078
*Recommend Trading Plan for the day:*
1. Look for buy signal above 2237.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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