FCPO May month contract dropped 30 points or 0.64% to closed lower at 4642. Malaysian crude palm oil futures declined on Thursday due to profit-taking and weaker export estimates through February 20.
Overnight soybean oil for the May contract dropped 0.94 to closed lower at 46.80. Dalian’s active palm oil contract rose 88 points to close higher at 9224 on previous night session.
The actively traded FCPO contract is trading above the upper boundary of a wide sideways consolidation range (4645–4650) on the daily chart, indicating strong support and potential for further upward movement. The price is testing the 4695–4700 resistance level for the third time and is currently hovering within this range.
On the hourly chart, the price is moving within an upward channel pattern, suggesting a bullish trend. We will continue to monitor whether the resistance range can be broken again, with potential upside targets at 4728 and a possible high of 4753. However, if the price fails to break above the 4700 range, selling pressure may emerge, leading to consolidation. The immediate support and resistance levels are pinpointed at 4673 and 4700, respectively.
(News Source: Reuters)
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| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 0.080 | -0.030 | 284.56M | |
| 0.085 | 0.010 | 248.83M | |
| 0.105 | 0.010 | 174.78M | |
| 0.150 | -0.005 | 145.15M | |
| 0.080 | -0.030 | 134.39M | |
| 0.025 | -0.040 | 130.85M | |
| 0.135 | -0.025 | 114.79M | |
| 0.175 | 0.000 | 104.01M | |
| 0.355 | 0.010 | 77.18M | |
| 0.090 | -0.005 | 63.33M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 4.200 | 0.200 | 0.10K | |
| 17.540 | 0.200 | 10.60K | |
| 7.500 | 0.200 | 2.00K | |
| 0.410 | 0.160 | 50.10K | |
| 18.960 | 0.120 | 169.50K | |
| 1.080 | 0.110 | 501.80K | |
| 4.000 | 0.100 | 6.10K | |
| 0.230 | 0.095 | 97.10K | |
| 1.550 | 0.090 | 2.17M | |
| 22.980 | 0.080 | 806.40K |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 19.540 | -0.440 | 208.00K | |
| 19.120 | -0.380 | 129.40K | |
| 17.500 | -0.300 | 1.80K | |
| 14.840 | -0.260 | 69.30K | |
| 4.090 | -0.250 | 4.55M | |
| 16.660 | -0.240 | 177.20K | |
| 0.405 | -0.225 | 1.20K | |
| 0.240 | -0.180 | 50.00K | |
| 16.840 | -0.160 | 27.20K | |
| 2.400 | -0.150 | 10.00K |
| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.352538 | 4.386792 |
| EUR | 5.042978 | 5.047979 |
| CNY | 0.599099 | 0.599744 |
| HKD | 0.561079 | 0.565009 |
| SGD | 3.342280 | 3.365777 |
Last Updated: Tuesday, April 22, 2025
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