FCPO
FCPO 3rd Month Futures (PM) - 8 August 2024
Thu, 08-Aug-2024 02:00 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3728
Resistance
3743 / 3755 / 3766 / 3785
Support
3705 / 3690 / 3671 / 3652
Possible Range
3670 to 3770
Strategy
Long positions may be opened above 3720 with targets 3743/3755 at stop-loss at 3700
Short positions may be opened below 3720 with targets at 3705/3690 stop-loss at 3740

FCPO Oct month rose 23 points or 0.62% to 3720 closed higher at midday. Malaysian palm oil futures climbed on Thursday after a three-day decline, bolstered by stronger rival Dalian contracts and higher crude oil prices.

The palm oil futures likely remain in downward bias, with the immediate support and resistance levels are identified at 3705 and 3736, 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