7/11/2019
*FCPO Jan 20*
Previous Close: 2554 +39
FCPO resumed its rebound stage yesterday with Dalian palm olein hold gains at this morning, may limit downside of FCPO.
Hourly chart formed higher highs & lows, more to bullish, close above 2600 level for more upside, but be cautious of potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 2600 2640
Support: 2500 2450
*Recommend Trading Plan for the day:*
1. Buy 2565, stop 2557, profit 2573/2581/2589
2. Sell 2546, stop 2554, profit 2538/2530/2522
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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