FCPO
FCPO 3rd Month Futures (PM) - 24 Oct 2024
Thu, 24-Oct-2024 02:13 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4494
Resistance
4515 / 4537 / 4553 / 4570
Support
4494 / 4477 / 4461 / 4439
Possible Range
4450 to 4550
Strategy
Long positions may be opened above 4494 with targets 4515/4537 at stop-loss at 4474
Short positions may be opened below 4494 with targets at 4477/4461 stop-loss at 4514

FCPO Dec month rose 18 points or 0.40% to closed higher at 4504 on midday session. Malaysian crude palm oil futures edged up for the fourth consecutive session on Thursday, supported by stronger rival oils and firmer crude prices.

Palm prices supported at the range 4475 to 4480 and trading higher to reached the crucial resistant at 4500 range again, we might see further higher for next session if breaking above 4510 to 4515, else will see consolidation trading. The immediate support and resistance levels are identified at 4494 and 4515, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.936314 3.967989
EUR 4.615974 4.625491
CNY 0.577616 0.578239
HKD 0.502266 0.506322
SGD 3.083269 3.108163