![](/files/my/blog/img/bl3939_cpo211019.png)
21/10/2019
*FCPO Jan 20*
Previous Close: 2287 +28
FCPO closed higher on last Friday as tracking gains in related edible oils. Dalian palm olein up more than 1% this morning, likely to keep FCPO prices in rebound. Watch out for Oct 1-20 CPO export & production data.
Hourly chart remain in a bullish island reversal pattern, close above 2300 level to trigger more upside.
*Classic Support & Resistance*
Resistance: 2330 2350
Support: 2250 2210
*Recommend Trading Plan for the day:*
1. Buy 2290, stop 2282, profit 2298/2306/2314
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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