![](/files/my/blog/img/bl3939_cpo240719.png)
24/7/2019
*FCPO Oct 19*
Previous Close: 2004 +21
FCPO hit 1 month high at above 2000 level as supported by strength in related edible oils. Dalian palm olein rose nearly 1% this morning, FCPO may continue to test rebound.
Hourly chart showed FCPO test rebound from RSI bullish divergence with double bottom breakout from 1960 support level, be cautious as price approaching overbought zone.
*Classic Support & Resistance*
Resistance: 2060 2120
Support: 1960 1910
*Recommend Trading Plan for the day:*
1. Buy 2009, stop 2001, profit 2017/2025/2033
*FCPO Margin Requirement*
Overnight MYR 3000
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