![](/files/my/blog/img/bl3939_cpo260619.png)
26/6/2019
*FCPO Sep 19*
Previous Close: 1981 -17
FCPO marked 4 days losses in a row yesterday as weighed down by weaker related edible oils & export data. Watch out for June 1-25 CPO production data. Related edible oils remain lower this morning, likely limit upside of FCPO.
Hourly chart showed FCPO in a sideway to lower trend, close below 1960 to trigger more downside.
*Classic Support & Resistance*
Resistance: 2012 2059
Support: 1960 1900
*Recommend Trading Plan for the day:*
1. If FCPO rebound 1st, look for sell signal at 2000 or above
2. Look for sell signal below 1960
*FCPO Margin Requirement*
Overnight MYR 4000
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