FCPO
FCPO 3rd Month Futures (PM) - 12 Sep 2024
Thu, 12-Sep-2024 02:16 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3861
Resistance
3877 / 3892 / 3911 / 3930
Support
3843 / 3823 / 3808 / 3790
Possible Range
3830 to 3930
Strategy
Long positions may be opened above 3860 with targets 3877/3892 at stop-loss at 3840
Short positions may be opened below 3860 with targets at 3843/3823 stop-loss at 3880

FCPO Nov month dropped 46 points or 1.18 to closed lower at 3855 at midday session. Malaysian palm oil futures dropped to a three-week low in early Thursday trading, influenced by declining soyoil and palm oil prices on the Dalian market, as well as rising stockpiles in producing nations. 

The palm oil futures could remain trading in sideway consolidation with downside bias. The immediate support and resistance levels are identified at 3843 and 3877, 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