![](/files/my/blog/img/bl3939_cpo251119.png)
25/11/2019
*FCPO Feb 20*
Previous Close: 2748 +81
FCPO hit more than 2 year high as lifted by prospects of lower production and stockpiles. Dalian palm olein up near 2% this morning, likely to support FCPO prices. Watch out for Nov 1-25 CPO export data.
Daily chart formed a long green bullish candle on last Friday, with bullish waves in hourly chart, trend is bullish, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 2850 2950
Support: 2650 2560
*Recommend Trading Plan for the day:*
1. Buy 2756, stop 2748, profit 2764/2772/2780
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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