FCPO
FCPO 3rd Month Futures (PM) - 12 Mar 2025
Wed, 12-Mar-2025 02:23 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4495
Resistance
4516 / 4538 / 4563 / 4587
Support
4495 / 4473 / 4449 / 4428
Possible Range
4480 to 4580
Strategy
Long positions may be opened above 4495 with targets 4516/4538 at stop-loss at 4475
Short positions may be opened below 4495 with targets at 4473/4449 stop-loss at 4515

FCPO May month rose 22 points or 0.49% to closed higher at 4510 on midday session. Malaysian crude palm oil futures opened higher on Wednesday, supported by stronger Dalian palm olein and crude oil prices, though gains were capped by weaker soyoil prices.

The active FCPO contract traded higher in the first session but remained within a broad sideways range. The uptrend, which began on March 5, remains intact, with key support at 4425–4430 and new support forming at 4475–4470. Holding above this range may present further buying opportunities. A breakout above the previous high and immediate resistance at 4520–4525 could push prices higher. However, if this resistance fails to break, selling pressure may emerge, leading to continued neutral movement. Stay alert for potential sentiment shifts. The immediate support and resistance levels are identified at 4495 and 4516, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
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EUR 5.008717 5.015095
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