![](/files/my/blog/img/bl3939_cpo020719.png)
2/7/2019
*FCPO Sep 19*
Previous Close: 1958 +7
FCPO continue in tight range yesterday as market stay cautious ahead of MPOB data, but upside likely limited by bearish demand. Watch out for June 2019 CPO Sppoma production data. Related edible oils are lower this morning, FCPO may retest previous low.
Hourly chart showed FCPO in sideway 1940-1990 to lower trend, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1987 2012
Support: 1920 1860
*Recommend Trading Plan for the day:*
1. Sell 1955, stop 1963, profit 1947/1939/1931
*FCPO Margin Requirement*
Overnight MYR 4000
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