![](/files/my/blog/img/bl3939_cpo260419.png)
26/4/2019
FCPO Jul 19
Previous Close: 2157 -13
FCPO settled slightly lower yesterday as tracking weakness in related edible oils. Dalian palm olein dropped more than 1% this morning, FCPO may gap down and test support.
Hourly chart showed FCPO move in range 38.2-61.8 Fibo retracement level 2139-2235, wait for more breakout.
Classic Support & Resistance
Resistance: 2179 2235
Support: 2139 2092
Recommend Trading Plan for the day:
1. Sell 2155, stop 2162, profit 2148/2141
2. Look for sell signal below 2139
FCPO Margin Requirement
Overnight MYR 4000
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