FCPO
FCPO 3rd Month Futures (PM) - 4 Mar 2025
Tue, 04-Mar-2025 02:30 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4420
Resistance
4400 / 4420 / 4443 / 4465
Support
4377 / 4354 / 4330 / 4304
Possible Range
4340 to 4440
Strategy
Long positions may be opened above 4377 with targets 4400/4420 at stop-loss at 4357
Short positions may be opened below 4377 with targets at 4354/4330 stop-loss at 4397

FCPO May month dropped 105 points or 2.34% to closed lower at 4379 on midday session. Malaysian crude palm oil futures continued to decline in early trading on Tuesday, pressured by lower Dalian oils and crude oil prices.

The actively traded FCPO contract opened lower and is currently trading within the broader sideways consolidation range. The 4420 to 4425 range serves as a resistance zone, where the price may reverse to a buying momentum. With the price currently trading below this range, we consider a sell-on-rebound strategy as the main plan. If the immediate support around 4375 to 4380 does not hold, the price could potentially move downward towards 4335 to 4330. Stay alert for potential sentiment shifts. The immediate support and resistance levels are identified at 4377 and 4400, respectively. 

(News Source: Reuters)

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Market Mover
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