4/12/2019
*FCPO Feb 20*
Previous Close: 2747 +16
FCPO erased earlier losses and closed with gains yesterday as tracking rebound in related edible oils. Dalian plam olein up more than 1% this morning, FCPO may gap up and test 2800 level.
Hourly chart formed higher highs & lows, more to bullish, but be cautious of potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 2800 2850
Support: 2680 2630
*Recommend Trading Plan for the day:*
1. Buy 2764, stop 2756, profit 2772/2780/2788
2. Sell 2740, stop 2748, profit 2732/2724/2716
*FCPO Margin Requirement*
Overnight MYR 4000
Disclaimer: For idea sharing only, trade at your own risk
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