![](/files/my/blog/img/bl3939_cpo040619.png)
4/6/2019
*FCPO Aug 19*
Previous Close: 2028 -41
FCPO fell more than 2% yesterday as weighed down by weak crude oil & related edible oil price. Related edible oils are slightly lower this morning, FCPO may test support 1st.
Hourly chart showed FCPO in a sideway to lower trend, close below 2000 psychological level to trigger more downside.
*Classic Support & Resistance*
Resistance: 2115 2179
Support: 1960 1900
*Recommend Trading Plan for the day:*
1. Sell 2025, stop 2033, profit 2017/2009/2001
*FCPO Margin Requirement*
Overnight MYR 4000
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