![](/files/my/blog/img/bl3939_cpo090519.png)
9/5/2019
*FCPO Jul 19*
Previous Close: 2037 -3
FCPO settled in flat as market stay cautious of US-China trade talk and coming MPOB data. Related edible oils are slightly lower this morning, FCPO may test support 1st.
Hourly chart formed a bullish island reversal pattern, which is also a rebound from RSI oversold, close above 2058 to trigger more upside.
*Classic Support & Resistance*
Resistance: 2058 2126
Support: 1970 1940
*Recommend Trading Plan for the day:*
1. Trade in range 2000-2060
*FCPO Margin Requirement*
Overnight MYR 4000
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