![](/files/my/blog/img/bl3939_cpo110719.png)
11/7/2019
FCPO Sep 19
Previous Close: 1937 -5
Please be noted that FCPO will change active month by next Monday (15/7), traders may choose to trade Oct 19 contract. FCPO closed slightly lower yesterday on more to bearish MPOB and Jul 1-10 export data. Watch out for July 1-10 production data. Related edible oils are testing rebound this morning, FCPO may test resistance 1st later.
Hourly chart showed FCPO in a sideway to lower trend, below 1920 to trigger more sell signal, but be cautious of potential RSI bullish divergence.
Classic Support & Resistance
Resistance: 1969 2012
Support: 1900 1880
Recommend Trading Plan for the day:
1. trade in range 1910-1960
FCPO Margin Requirement
Overnight MYR 4000
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