![](/files/my/blog/img/bl3939_cpo200219.png)
20/2/2019
*FCPO May 19*
Previous Close: 2260 -26
FCPO reversed earlier gians to fall over 1% during evening session yesterday ahead of Feb 1-20 CPO data. Watch out for CPO export data today. Related edible oils down on this morning, FCPO likely to test support 1st.
Hourly chart showed FCPO down to test 1 month low, may trigger another technical correction.
*Classic Support & Resistance*
Resistance: 2311 2331
Support: 2235 2195
*Recommend Trading Plan for the day:*
1. Sell 2255, stop 2264, profit 2246/2237.
*FCPO Margin Requirement*
Overnight MYR 4000
Spread MYR 1200
Disclaimer: Idea sharing only, trade at your own risk.
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