FCPO May month contract dropped 126 points or 2.72% to closed lower at 4499. Malaysian crude palm oil futures ended a three-day winning streak on Monday, pressured by profit-taking, weaker Chicago soyoil prices, and smaller-than-expected inventory declines amid sluggish exports.
Overnight soybean oil for the May contract dropped 1.16 to closed lower at 42.26. Dalian’s active palm oil contract dropped 164 points to close lower at 8992 on previous night session.
The actively traded FCPO contract declined yesterday, erasing Friday’s gains. The price remains within a broad sideways consolidation after testing the upper range at 4,655–4,660. We suggest a sell-on-rebound strategy, with the first major support at 4,460–4,455 and a potential low at 4,430–4,425. If the market holds at the lowest support, a buying opportunity may arise, supporting the uptrend that began on March 5. However, if it fails to hold, further downside is likely. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4481 and 4502, respectively.
(News Source: Reuters)
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| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 0.040 | 0.000 | 87.21M | |
| 0.345 | 0.025 | 39.53M | |
| 0.880 | -0.010 | 37.43M | |
| 0.370 | 0.075 | 28.12M | |
| 0.910 | 0.000 | 25.14M | |
| 0.185 | 0.000 | 24.20M | |
| 0.295 | 0.045 | 22.88M | |
| 0.240 | -0.010 | 21.81M | |
| 0.150 | -0.010 | 20.62M | |
| 0.740 | 0.010 | 20.40M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 80.500 | 0.700 | 150.10K | |
| 1.730 | 0.230 | 58.80K | |
| 17.000 | 0.200 | 249.70K | |
| 0.800 | 0.190 | 178.00K | |
| 0.395 | 0.185 | 0.10K | |
| 1.450 | 0.170 | 778.50K | |
| 19.500 | 0.160 | 116.20K | |
| 1.270 | 0.150 | 37.00K | |
| 1.940 | 0.140 | 31.50K | |
| 19.980 | 0.140 | 506.60K |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 25.900 | -0.840 | 59.10K | |
| 27.500 | -0.500 | 7.50K | |
| 15.100 | -0.360 | 87.50K | |
| 18.740 | -0.260 | 2.60K | |
| 17.340 | -0.240 | 19.60K | |
| 19.920 | -0.200 | 86.60K | |
| 26.500 | -0.160 | 232.50K | |
| 3.110 | -0.140 | 774.20K | |
| 13.440 | -0.120 | 7.90K | |
| 13.980 | -0.120 | 29.70K |
| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.393408 | 4.428928 |
| EUR | 5.005959 | 5.023744 |
| CNY | 0.602745 | 0.604678 |
| HKD | 0.565674 | 0.570807 |
| SGD | 3.346150 | 3.376734 |
Last Updated: Monday, April 21, 2025
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