FCPO
FCPO 3rd Month Futures - 5 July 2024
Fri, 05-Jul-2024 09:37 am
by Dealing Team • Apex Futures

FCPO
Pivot
4080
Resistance
4094 / 4108 / 4129 / 4150
Support
4059 / 4038 / 4024 / 4010
Possible Range
4030 to 4130
Strategy
Long positions may be opened above 4080 with targets at 4094/4108 stop-loss at 4055
Short positions may be opened below 4080 with targets at 4059/4038 stop-loss at 4105

FCPO Sep month dropped 15 points or 0.37 % to close lower at 4067. Malaysia's crude palm oil futures closed lower due to worries about rising stock levels, which have dampened market sentiment.

Soybean oil Futures closed on yesterday in conjunction of US Independence Day, the market will resume trading today. Dalian’sactive palm oil contract rose dropped 30 to 8004 at previous night session.

Tracking negative performance in Dalian palm oils, palm prices likely to trading in slight downside bias due to profit taking. The immediate support and resistance levels are pinpointed at 4059 and 4094, respectively.

(News Source: Bernama)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.186344 4.224837
EUR 4.692802 4.707788
CNY 0.594564 0.595974
HKD 0.537155 0.542118
SGD 3.243708 3.273864