![](/files/my/blog/img/bl3939_cpo101219.png)
10/12/2019
*FCPO Feb 20*
Previous Close: 2902 +44
FCPO hit its highest since Feb 2017 on bullish CPO outlook. Watch out for MPOB Nov data and Dec 1-10 CPO export data today. Dalian palm olein up more than 1% this morning, FCPO may gap up and test resistance.
Hourly chart formed higher highs & lows, more to bullish, but be cautious as RSI in overbought. Close above 2915 to trigger more upside.
*Classic Support & Resistance*
Resistance: 2950 3000
Support: 286 2790
*Recommend Trading Plan for the day:*
1. Buy 2916, stop 2908, profit 2924/2932/2940
2. Sell 2895, stop 2903, profit 2887/2879/2871
*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