FCPO
FCPO 3rd Month Futures (PM) - 11 Mar 2025
Tue, 11-Mar-2025 02:27 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4465
Resistance
4465 / 4482 / 4505 / 4527
Support
4440 / 4416 / 4395 / 4374
Possible Range
4410 to 4510
Strategy
Long positions may be opened above 4465 with targets 4482/4505 at stop-loss at 4445
Short positions may be opened below 4465 with targets at 4440/4416 stop-loss at 4485

FCPO May month dropped 59 points or 1.31% to closed lower at 4440 on midday session. Malaysian crude palm oil futures opened lower for the second straight session on Tuesday, pressured by weaker crude oil and rival edible oil prices.

The actively traded FCPO contract continued to decline in the midday session, remaining within a broad sideways consolidation. The price broke below the first support level at 4,460–4,455. We suggest a sell-on-rebound strategy, with the next major support at 4,430–4,425. If the market holds at this level, a buying opportunity may emerge, reinforcing the uptrend that began on March 5. However, if support fails, further downside is likely. Stay alert for potential sentiment shifts. The immediate support and resistance levels are identified at 4440 and 4465, respectively. 

(News Source: Reuters)

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Market Mover
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