![](/files/my/blog/img/bl3939_cpo191119.png)
19/11/2019
*FCPO Feb 20*
Previous Close: 2597 -10
FCPO down slightly yesterday as tracking weakness in related edible oils. Dalian palm olein edge higher this morning, FCPO likely to test resistance level.
Hourly chart in sideway to higher trend, 2660 or 2560 wait for breakout, but be cautious of potential bearish divergence.
*Classic Support & Resistance*
Resistance: 2660 2700
Support: 2560 2500
*Recommend Trading Plan for the day:*
1. Trade in range 2560-2660
2. Buy 2604, stop 2596, profit 2612/2620/2628
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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