FCPO
FCPO 3rd Month Futures (PM) - 31 July 2024
Wed, 31-Jul-2024 02:00 pm
Apex Futures

FCPO
Pivot
3899
Resistance
3915 / 3928 / 3944 / 3963
Support
3882 / 3868 / 3853 / 3837
Possible Range
3860 to 3960
Strategy
Long positions may be opened above 3895 with targets 3915/3928 at stop-loss at 3875
Short positions may be opened below 3895 with targets at 3882/3868 stop-loss at 3915

FCPO Oct month down 17 points or 0.43% to 3898 closed lower at midday. Malaysian palm oil futures remained flat on Wednesday as traders awaited July export data from cargo surveyors to provide market direction.

The palm oil likely to trading in sideway consolidation with downside bias. Immediate support and resistance levels are identified at 3882 and 3915, 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