![](/files/my/blog/img/bl3939_cpo010819.png)
1/8/2019
*FCPO Oct 19*
Previous Close: 2070 +9
FCPO was slightly higher yesterday but related edible oils show weakness today after a sharp fall in US stock market. FCPO may gap down and test support level 1st.
Hourly chart formed higher highs & lows, more to bullish, but be cautious of potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 2115 2140
Support: 2020 1990
*Recommend Trading Plan for the day:*
1. Buy 2076, stop 2068, profit 2084/2092/2100
2. Sell 2067 for technical correction, stop 2075, profit 2059/2051/2043
*FCPO Margin Requirement*
Overnight MYR 3000
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