FCPO
FCPO 3rd Month Futures (PM) - 14 Feb 2025
Fri, 14-Feb-2025 02:24 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4574
Resistance
4596 / 4618 / 4640 / 4663
Support
4574 / 4549 / 4525 / 4502
Possible Range
4540 to 4640
Strategy
Long positions may be opened above 4596 with targets 4618/4640 at stop-loss at 4576
Short positions may be opened below 4596 with targets at 4574/4549 stop-loss at 4616

FCPO Apr month rose 35 points or 0.77% to closed higher at 4589 on midday session. Malaysian crude palm oil futures edged higher on Friday, supported by stronger crude oil prices, and were set for a fourth consecutive weekly gain as traders awaited export data from cargo surveyors for further direction.

The actively traded FCPO contract remains above the 4,540–4,545 support on the hourly chart, maintaining a minor uptrend. A breakout above the 4,595–4,600 range could drive prices higher, while failure to break may lead to a pullback toward the 4,540–4,545 support zone.  Stay alert to potential sentiment changes. The immediate support and resistance levels are identified at 4574 and 4596, 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