![](/files/my/blog/img/bl3939_cpo091219.png)
9/12/2019
*FCPO Feb 20*
Previous Close: 2858 +43
FCPO extended its gains to its highest since Sep 2017 on bullish outlook and supported by related edible oils. Dalian palm olein up more than 1% this morning, FCPO likely to test 2900 resistance level.
Hourly chart formed higher highs & lows, more to bullish, but be cautious as RSI in overbought. Close above 2900 to trigger more upside.
*Classic Support & Resistance*
Resistance: 2900 2950
Support: 2790 2740
*Recommend Trading Plan for the day:*
1. Sell 2854, stop 2862, profit 2846/2838/2830
2. Buy 2865, stop 2857, profit 2873/2881/2889
*FCPO Margin Requirement*
Overnight MYR 4000
Disclaimer: For idea sharing only, trade at your own risk
JOIN US to discover more about FUTURES TRADING !!!
YouTube link:
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://www.facebook.com/investorsdoctoracademy
Whatsapp link:
https://api.whatsapp.com/send?phone=601153537589