FCPO
FCPO 3rd Month Futures (PM) - 19 July 2024
Fri, 19-Jul-2024 02:00 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3932
Resistance
3949 / 3965 / 3979 / 3993
Support
3917 / 3903 / 3888 / 3871
Possible Range
3890 to 3980
Strategy
Long positions may be opened above 3930 with targets at 3949/3965 stop-loss at 3910
Short positions may be opened below 3930 with targets at 3917/3903 stop-loss at 3950

FCPO Oct month dropped 2 point or 0.05% to 3935 closed almost flat at midday. Malaysian palm oil futures remained largely unchanged on Friday, as the impact of stronger Dalian and Chicago soyoil contracts balanced out the effect of weaker crude oil prices.

The palm oil prices are likely to remain in sideway consolidation trading, if supported above 3925 to 3930 upside still potential. Immediate support and resistance levels are identified at 3917 and 3949, 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