11/10/2019
*FCPO Dec 19*
Previous Close: 2201 +5
FCPO closed above 2200 yesterday after release of MPOB data. However, bearish CPO export and inventory outlook likely to limit its upside.
Hourly chart formed higher highs & lows, more to bullish, may continue to test rebound,close above 2220 level to trigger more upside.
*Classic Support & Resistance*
Resistance: 2230 2270
Support: 2170 2120
*Recommend Trading Plan for the day:*
1. Look for buy signal above 2216
2. Sell 2200, stop 2208, profit 2192/2184/2176
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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