![](/files/my/blog/img/bl3939_cpo151019.png)
15/10/2019
FCPO Jan 20
Previous Close: 2204 -29
FCPO extended its losses yesterday on pressure of India may restrict palm oil import from Malaysia. Watch out for CPO Oct 1-15 export data. Related edible oils are still weak this morning, may limit upside of FCPO.
Hourly chart gap down , close below 2170 will trigger more downside.
Classic Support & Resistance
Resistance: 2260 2310
Support: 2170 2100
Recommend Trading Plan for the day:
1. Trade in range 2170-2220
FCPO Margin Requirement
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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