FCPO
FCPO 3rd Month Futures (PM) - 26 July 2024
Fri, 26-Jul-2024 02:06 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3945
Resistance
3975 / 3990 / 4011 / 4030
Support
3932 / 3919 / 3901 / 3884
Possible Range
3930 to 4020
Strategy
Long positions may be opened above 3945 with targets at 3975/3990 stop-loss at 3925
Short positions may be opened below 3945 with targets at 3932/3919 stop-loss at 3965

FCPO Oct month rose 37 points or 0.94% to 3955 closed higher at midday. Malaysian palm oil futures rebounded on Friday, recovering some of the losses from earlier in the week, driven by strong exports and gains in other oil markets.

The palm oil likely to trading in sideway consolidation with upside bias, however gai likely to limited. Immediate support and resistance levels are identified at 3932 and 3975, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.324289 4.356381
EUR 4.811286 4.818234
CNY 0.611140 0.611494
HKD 0.554703 0.558834
SGD 3.320927 3.345892