![](/files/my/blog/img/bl3939_cpo220419.png)
22/4/2019
*FCPO Jul 19*
Previous Close: 2190 +7
FCPO settled slightly higher on last Friday as supported by weaker MYR, but upside may limited by slowing growth in CPO export. Watch out for Apr 1-20 Sppoma production data.
Hourly chart showed FCPO move in range 38.2-61.8 Fibo retracement level 2139-2235 while technical indicators in neutral, wait for more breakout.
*Classic Support & Resistance*
Resistance: 2235 2278
Support: 2139 2092
*Recommend Trading Plan for the day:*
1. trade in range 2160-2220.
*FCPO Margin Requirement*
Overnight MYR 4000
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