![](/files/my/blog/img/bl3939_cpo090819.png)
9/8/2019
FCPO Oct 19
Previous Close: 2135 +31
FCPO hit more than 3 month high yesterday as tracking strength in related edible oils. Dalian palm olein continue to rebound this morning, FCPO likely to test resistance 1st.
Hourly chart remained in rebound stage but RSI in overbought, be cautious of potential technical correction in short term.
Classic Support & Resistance
Resistance: 2180 2240
Support: 2080 2050
Recommend Trading Plan for the day:
1. Buy 2145, stop 2137, profit 2153/2161/2169
FCPO Margin Requirement
Overnight MYR 3000
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