FCPO
FCPO 3rd Month Futures (PM) - 3 Mar 2025
Mon, 03-Mar-2025 02:30 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4504
Resistance
4504 / 4527 / 4555 / 4583
Support
4480 / 4454 / 4430 / 4404
Possible Range
4450 to 4550
Strategy
Long positions may be opened above 4504 with targets 4527/4555 at stop-loss at 4484
Short positions may be opened below 4504 with targets at 4480/4454 stop-loss at 4524

FCPO May month dropped 67 21 points or 1.47% to closed lower at 4487 on midday session. Malaysian crude palm oil futures opened lower on Monday, pressured by reduced demand at the start of the Islamic fasting month of Ramadan and weakness in Dalian's soyoil market.

 

The actively traded FCPO contract remains in sideways consolidation, hovering near the support zone of 4,490–4,485. The primary strategy remains selling on rebounds. If the support holds, buying interest may emerge, but a breakdown could trigger further selling pressure. Stay alert for potential sentiment shifts. The immediate support and resistance levels are identified at 4480 and 4504, respectively. 

(News Source: Reuters)

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