17/12/2019
*FCPO Mar 20*
Previous Close: 2875 +30
FCPO up more than 1%, recovering from previous session's sharp fall as supported by stronger related edible oils. Dalian palm olein up more than 1.7% this morning, expect FCPO to gap up.
Hourly chart in sideway to higher trend, 2930 or 2850 wait for more breakout.
*Classic Support & Resistance*
Resistance: 2930 2960
Support: 2850 2790
*Recommend Trading Plan for the day:*
1. Buy 2886, stop 2878, profit 2894/2902/2910
*FCPO Margin Requirement*
Overnight MYR 4000
Disclaimer: For idea sharing only, trade at your own risk
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