FCPO May month contract rose 22 points or 0.47% to closed higher at 4664. Malaysian palm oil futures climbed on Friday, marking their fifth straight weekly gain—the longest winning streak in three years—driven by expectations of lower production.
Overnight soybean oil for the May contract dropped 0.45 to closed lower at 47.34. Dalian’s active palm oil contract dropped 90 points to close lower at 9304 on previous night session.
The actively traded FCPO contract remains within an upward channel in daily timeframe. However, on the hourly timeframe, the price is consolidating within a sideways range, suggesting a temporary pause in its upward momentum. A breakout above the upper boundary of 4700–4705 could drive prices higher towards the 4760–4755 region.
Currently, the price has reached resistance at the upper boundary of the sideways range and pulled back. We anticipate technical selling in the upcoming session, with support around 4650–4645. A break below this level could push prices lower toward the 4625–4620 zone, with a potential decline to 4600–4605 as the lowest range. The immediate support and resistance levels are pinpointed at 4651 and 4678, 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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