30/10/2019
*FCPO Jan 20*
Previous Close: 2417 +19
FCPO back to above 2400 level as tracking strength in related edible oils. Dalian palm olein up near 2% this morning, expect FCPO to gap up and test resistance level.
Hourly chart entered overbought correction, but sustain above middle line of BB, in a bullish wave, close above 2460 to trigger more upside.
*Classic Support & Resistance*
Resistance: 2460 2520
Support: 2370 2320
*Recommend Trading Plan for the day:*
1. Buy 2420, stop 2412, profit 2428/2436/2444
*FCPO Margin Requirement*
Overnight MYR 3000
Disclaimer: For idea sharing only, trade at your own risk
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