![](/files/my/blog/img/bl3939_cpo131219.png)
13/12/2019
*FCPO Feb 20*
Previous Close: 2891 +13
FCPO closed slightly higher yesterday but related edible oils rose strongly after US-China reached a phase 1 trade deal, expect FCPO to gap up and test above 2900 level.
Hourly chart entered sideway to higher trend, close above 2930 to trigger more upside.
*Classic Support & Resistance*
Resistance: 2930 3000
Support: 2860 2790
*Recommend Trading Plan for the day:*
1. Buy 2900, stop 2892, profit 2908/2916/2924
*FCPO Margin Requirement*
Overnight MYR 4000
Disclaimer: For idea sharing only, trade at your own risk
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