6/8/2019
*FCPO Oct 19*
Previous Close: 2093 +31
FCPO settled at more than 2 month high yesterday as tracking strength in related edible oils. Dalian plam olein rose more than 1% this morning, FCPo may continue its rebound stage.
Hourly chart remained in rebound stage but RSI in overbought, be cautious of potential technical correction in short term.
*Classic Support & Resistance*
Resistance: 2180 2235
Support: 2050 1960
*Recommend Trading Plan for the day:*
1. Buy 2096, stop 2088, profit 2104/2112/2120
2. Look for close downside gap signal below 2078
*FCPO Margin Requirement*
Overnight MYR 3000
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