27/12/2019
*FCPO Mar 20*
Previous Close: 3005 +82
FCPO closed above 3000 level for the 1st time since Feb 2017 on slowing production outlook. Dalian up more than 3% this morning, likely to limit downside of FCPO.
Hourly chart formed a strong breakout from sideway, more to bullish, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 3050 3080
Support: 2960 2930
*Recommend Trading Plan for the day:*
1. Buy 3009, stop 3001, profit 3017/3025/3033
*FCPO Margin Requirement*
Overnight MYR 4000
Disclaimer: For idea sharing only, trade at your own risk
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