FCPO
FCPO 3rd Month Futures (PM) - 20 August 2024
Tue, 20-Aug-2024 02:04 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3718
Resistance
3737 / 3754 / 3768 / 3783
Support
3702 / 3685 / 3668 / 3649
Possible Range
3690 to 3790
Strategy
Long positions may be opened above 3715 with targets 3737/3754 at stop-loss at 3695
Short positions may be opened below 3715 with targets at 3702/3685 stop-loss at 3735

FCPO Nov month rose 6 points or 0.16% to 3687 closed moderately higher at midday. Malaysian palm oil futures remained mostly steady on Tuesday, as pressure from a weaker Chicago soyoil contract and a stronger ringgit was offset by support from rising Dalian vegetable oil prices.

The palm oil futures remain to trade in sideway consolidation with upside bias, beware of any sentiment changes. The immediate support and resistance levels are identified at 3702 and 3737, 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