FCPO Apr month contract rose 54 points or 1.28% to closed higher at 4260. Malaysian crude palm oil futures rose for a third consecutive session on Tuesday, driven by gains in Dalian and Chicago vegetable oil markets. According to a Reuters poll, CPO futures are projected to average higher in 2025 compared to last year, supported by increased palm oil-based biodiesel consumption in Indonesia, the leading producer. However, the upside may be capped by competition from cheaper alternatives.
Overnight soybean oil for the March contract rose 0.08 to closed higher at 45.77. Dalian’s active palm oil contract dropped 34 closed lower at 8412 on previous night session.
Tracking the mixed performance in rival oil market, the palm price likely to remain hovering at the bottom of the downward channel. Bigger pictures still see rebound sell, however short term see upward channel consolidation, support see at 4215 to 4220, sustain above could see buying opportunity, fail to support potential moving further lower. Crucial resistant see at 4280 to 4285 range. The immediate support and resistance levels are pinpointed at 4213 and 4235, respectively.
(News Source: Reuters)
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| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 0.085 | -0.030 | 139.98M | |
| 0.140 | 0.015 | 114.14M | |
| 0.145 | -0.025 | 108.02M | |
| 0.025 | 0.000 | 81.37M | |
| 0.180 | 0.010 | 62.69M | |
| 0.005 | 0.000 | 48.24M | |
| 0.355 | -0.010 | 44.56M | |
| 0.070 | -0.005 | 41.73M | |
| 0.055 | 0.010 | 38.33M | |
| 0.085 | -0.005 | 36.48M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 20.400 | 0.400 | 13.00K | |
| 30.980 | 0.380 | 127.70K | |
| 31.820 | 0.320 | 10.00K | |
| 13.380 | 0.280 | 31.10K | |
| 5.880 | 0.250 | 85.30K | |
| 12.040 | 0.220 | 44.50K | |
| 20.380 | 0.200 | 28.10K | |
| 17.240 | 0.180 | 37.40K | |
| 2.440 | 0.140 | 194.10K | |
| 6.850 | 0.130 | 6.00K |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 23.280 | -0.320 | 25.10K | |
| 0.575 | -0.300 | 5.00K | |
| 0.055 | -0.190 | 9.22M | |
| 19.340 | -0.140 | 31.30K | |
| 4.660 | -0.140 | 581.80K | |
| 5.050 | -0.130 | 1.11M | |
| 0.800 | -0.130 | 3.00K | |
| 8.510 | -0.120 | 456.30K | |
| 91.380 | -0.120 | 7.80K | |
| 0.120 | -0.085 | 7.50M |
| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.461227 | 4.492117 |
| EUR | 4.632123 | 4.637427 |
| CNY | 0.613888 | 0.614502 |
| HKD | 0.573047 | 0.577030 |
| SGD | 3.281156 | 3.304154 |
Last Updated: Wednesday, January 22, 2025
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