FCPO
FCPO 3rd Month Futures (PM) - 17 July 2024
Wed, 17-Jul-2024 01:50 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3939
Resistance
3960 / 3975 / 3996 / 4017
Support
3925 / 3907 / 3885 / 3868
Possible Range
3900 to 4000
Strategy
Long positions may be opened above 3935 with targets at 3960/3975 stop-loss at 3910
Short positions may be opened below 3935 with targets at 3925/3907 stop-loss at 3960

FCPO Oct month rose 10 points or 0.25% to 3935 closed higher at midday. Malaysian palm oil futures rose on Wednesday, bolstered by strong performance in rival Dalian and Chicago contracts. However, gains were limited by a firmer ringgit currency.

The palm oil prices are trading in the sideway consolidation with upside bias if supported above 3925 to 3930. Immediate support and resistance levels are identified at 3925 and 3960, 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