FCPO
FCPO 3rd Month Futures (PM) - 11 Sep 2024
Wed, 11-Sep-2024 01:57 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3880
Resistance
3903 / 3923 / 3945 / 3961
Support
3880 / 3863 / 3842 / 3821
Possible Range
3860 to 3960
Strategy
Long positions may be opened above 3880 with targets 3903/3923 at stop-loss at 3860
Short positions may be opened below 3880 with targets at 3863/3842 stop-loss at 3900

FCPO Nov month closed almost flat at 3886 at midday. Malaysian crude palm oil futures opened higher on Wednesday, following industry data from the previous day revealing that inventories in the world's second-largest producer increased more than anticipated in the past month.

The palm oil futures could remain trading in sideway consolidation, with upside bias. The immediate support and resistance levels are identified at 3880 and 3903, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.226942 4.260444
EUR 4.723982 4.728876
CNY 0.598324 0.598990
HKD 0.542537 0.546362
SGD 3.269503 3.292710