![](/files/my/blog/img/bl3939_cpo130619.png)
13/6/2019
*FCPO Aug 19*
Previous Close: 1968 -39
FCPO fell more than 2% as weighed down by weaker related edible oils. However, US grains and Dalian palm olein showed some rebound today, FCPO may test to rebound too 1st.
Hourly chart triggered a double top bearish pattern as CPO prices closed below 1990, close below 1960 to trigger more downside.
*Classic Support & Resistance*
Resistance: 2019 2075
Support: 1940 1863
*Recommend Trading Plan for the day:*
1. Sell 1960, stop 1968, profit 1952/1944/1936
*FCPO Margin Requirement*
Overnight MYR 4000
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