31/12/2019
FCPO Mar 20
Previous Close: 3128 +55
FCPO edged higher to above 3120 level amid expectation of lower output and higher biofuel usage.
Hourly chart formed higher highs & lows,, more to bullish, but be cautious as RSI in overbought.
Classic Support & Resistance
Resistance: 3200 3400
Support: 3020 2890
Recommend Trading Plan for the day:
1. Buy 3140, stop 3132, profit 3148/3156/3164
2. Sell 3122, stop 3130, profit 3114/3106/3098
FCPO Margin Requirement
Overnight MYR 4000
Disclaimer: For idea sharing only, trade at your own risk
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