![](/files/my/blog/img/bl3939_cpo081119.png)
8/11/2019
*FCPO Jan 20*
Previous Close: 2528 -26
FCPO closed lower yesterday on profit taking, while Dalian palm olein fell more than 1% this morning, may limit upside 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 2700
Support: 2440 2380
*Recommend Trading Plan for the day:*
1. Sell 2525, stop 2533, profit 2517/2509/2501
2. Buy 2540, stop 2532, profit 2548/2556/2564
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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