FCPO
FCPO 3rd Month Futures (PM) - 24 July 2024
Wed, 24-Jul-2024 02:12 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3963
Resistance
3972 / 3987 / 3999 / 4011
Support
3936 / 3917 / 3902 / 3885
Possible Range
3910 to 4000
Strategy
Long positions may be opened above 3955 with targets at 3972/3987 stop-loss at 3935
Short positions may be opened below 3955 with targets at 3936/3917 stop-loss at 3975

FCPO Oct month dropped 14 points or 0.35% to 3955 closed lowerat midday. Malaysian palm oil futures declined for a second consecutive session on Wednesday, as the anticipation of increased production in the world's second-largest producer outweighed the strong demand.

The palm oil likely to trading in downside bias above 3975 --3970 range tracking weaker sentiment in rival edible oil market. Immediate support and resistance levels are identified at 3936 and 3972, 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