![](/files/my/blog/img/bl3939_cpo300419.png)
30/4/2019
*FCPO Jul 19*
Previous Close: 2108 -49
FCPO extended losses to hit 1 month low yesterday as weighed down by crude oil & related edible oils. Related oils testing rebound this morning, FCPO gap up too, watch out for Apr CPO production & export data.
Hourly chart showed a more to bearish trend to test 2100 support level, close below 2090 for more downside.
*Classic Support & Resistance*
Resistance: 2137 2179 2235
Support: 2038 2000
*Recommend Trading Plan for the day:*
1. Sell 2098, stop 2106, profit 2090/2082/2074
2. Look for close gap signal above 2137
*FCPO Margin Requirement*
Overnight MYR 4000
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