FCPO
FCPO 3rd Month Futures (PM) - 11 July 2024
Thu, 11-Jul-2024 01:46 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3916
Resistance
3948 / 3965 / 3985 / 4001
Support
3901 / 3884 / 3862 / 3840
Possible Range
3860 to 3970
Strategy
Long positions may be opened above 3920 with targets at 3948/3965 stop-loss at 3895
Short positions may be opened below 3920 with targets at 3901/3884 stop-loss at 3945

FCPO Sept month fell 7 points or 0.18% to 3911 closed lower at midday. Malaysian palm oil futures declined at the opening on Thursday, following the industry regulator's announcement that June inventories had risen to a four-month high.

The palm oil prices are likely remained in sideway trading with upside bias, however the gain could be limited. Immediate support and resistance levels are identified at 3901 and 3948, 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