FCPO
FCPO 3rd Month Futures (PM) - 13 Feb 2025
Thu, 13-Feb-2025 02:36 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4592
Resistance
4569 / 4592 / 4616 / 4637
Support
4543 / 4519 / 4496 / 4472
Possible Range
4510 to 4610
Strategy
Long positions may be opened above 4543 with targets 4569/4592 at stop-loss at 4523
Short positions may be opened below 4543 with targets at 4519/4496 stop-loss at 4563

FCPO Apr month dropped 63 points or 1.36% to closed lower at 4558 on midday session. Malaysian crude palm oil futures opened lower on Thursday, ending a five-session rally, as weaker rival edible oils and subdued demand from India pressured the market.

The actively traded FCPO contract is trading lower, returning to a sideways consolidation range, with resistance spotted at 4,650–4,645. The market struggled to sustain upward momentum and continues to trade with a downside bias. Support is seen at 4,545–4,540, where holding above could present a buying opportunity, while a break below may push prices further down toward the 4,500 range. The immediate support and resistance levels are identified at 4543 and 4569, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.373934 4.410372
EUR 5.042813 5.050176
CNY 0.599605 0.600475
HKD 0.564059 0.568245
SGD 3.346566 3.371656