![](/files/my/blog/img/bl3939_cpo250419.png)
25/4/2019
*FCPO Jul 19*
Previous Close: 2170 +0
FCPO sustained above 2140 support and closed in flat yesterday ahead of Apr 1-25 CPO data. Watch out for CPO export data today. Dalian palm olein was higher this morning, FCPO may continue to test rebound.
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. Buy 2176, stop 2168, profit 2184/2192/2200
*FCPO Margin Requirement*
Overnight MYR 4000
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