![](/files/my/blog/img/bl3939_cpo240119.png)
24/1/2019
*FCPO Apr 19*
Previous Close: 2283 +20
FCPO rose to its highest in nearly 5 months as tracking gains in related edible oils and supported by weaker MYR. Dalian plam olein & US soyoil continue to climb on this morning, expect FCPO to test resistance 1st.
Hourly chart formed higher highs & lows, more to bullish but trade with cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 2303 2348
Support: 2244 2208
*Recommend Trading Plan for the day:*
1. Buy 2289, stop 2280, profit 2298/2307.
*FCPO Margin Requirement*
Overnight MYR 4500
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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