FCPO
FCPO 3rd Month Futures - 26 June 2024
Wed, 26-Jun-2024 08:27 am
by Dealing Team • Apex Futures

FCPO
Pivot
3849
Resistance
3863 / 3889 / 3919 / 3945
Support
3821 / 3807 / 3786 / 3765
Possible Range
3800 to 3900
Strategy
Long positions may be opened above 3845 with targets at 3863/3889 stop-loss at 3820
Short positions may be opened below 3845 with targets at 3821/3807 stop-loss at 3870

Sep month declined 39 points or 1.0% to close lower at 3859. Malaysia crude palm oil futures closed lower on Tuesday, driven by declines in the soybean oil market and reduced demand pressures.

Overnight Soybean oil Dec Month dropped 1.02 to 42.82. Soybean oil Futures closed lower. Dalian’s active palm oil contract dropped 4 points to 7570 at yesterday night session.

Tracking bearish performance in Dalian palm oils and Soybean oil markets, palm prices likely to remain to trading lower. The immediate support and resistance levels are pinpointed at 3821 and 3863, respectively.

(News Source: Bernama)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.186095 4.224386
EUR 4.685732 4.700656
CNY 0.595462 0.596801
HKD 0.537358 0.541779
SGD 3.239345 3.269267