FCPO
FCPO 3rd Month Futures (PM) - 9 July 2024
Tue, 09-Jul-2024 01:58 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3970
Resistance
3982 / 3993 / 4012 / 4030
Support
3948 / 3933 / 3922 / 3910
Possible Range
3930 to 4000
Strategy
Long positions may be opened above 3970 with targets at 3982/3993 stop-loss at 3945
Short positions may be opened below 3970 with targets at 3948/3933 stop-loss at 3995

FCPO Sept month fell 86 points or 2.13% to 3956 closed lower at midday. Malaysian palm oil futures followed the downward trend of rival Dalian oils and soybean oil to trading lower on Tuesday, the anticipate of higher output also weighed on market.

The palm oil prices are likely to consolidate in downside bias, Immediate support and resistance levels are identified at 3948 and 3982, respectively.

(News Source: Reuters)

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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