16/10/2019
*FCPO Jan 20*
Previous Close: 2214 +10
FCPO pulled back from losses and settled above 2200 level yesterday. Dalian palm olein rose nearly 2% this morning, likely to boost FCPO prices.
Hourly chart testing rebound after island reversal chart pattern, may test to close gap around 2230 level.
*Classic Support & Resistance*
Resistance: 2260 2310
Support: 2170 2100
*Recommend Trading Plan for the day:*
1. Buy 2223, stop 2215, profit 2231/2239/2247
2. Look for sell signal below 2170
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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