![](/files/my/blog/img/bl3939_cpo170619.png)
17/6/2019
*FCPO Sep 19*
Previous Close: 2018 +3
FCPO was mostly unchanged on last Friday while related edible oils are slightly lower this morning, may limit upside of FCPO. Watch out for June 1-15 CPO production and export data.
Hourly chart showed FCPO pulled back from 38.25 Fibo retracement level of swing 2129-1974, close below 2000 will trigger more bearish signal.
*Classic Support & Resistance*
Resistance: 2037 2062
Support: 1993 1974
*Recommend Trading Plan for the day:*
1. Sell 2011, stop 2019, profit 2003/1995/1987
*FCPO Margin Requirement*
Overnight MYR 4000
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our FREE channels to find out more on futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://www.facebook.com/investorsdoctoracademy
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589