FCPO
FCPO 3rd Month Futures (PM) - 14 Mar 2025
Fri, 14-Mar-2025 02:34 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4530
Resistance
4551 / 4573 / 4594 / 4618
Support
4530 / 4508 / 4487 / 4465
Possible Range
4500 to 4600
Strategy
Long positions may be opened above 4530 with targets 4551/4573 at stop-loss at 4510
Short positions may be opened below 4530 with targets at 4508/4487 stop-loss at 4550

FCPO May month rose 1 point or 0.02% to closed almost flat at 4540 on midday session. Malaysian crude palm oil futures traded within a narrow range on Friday, as stronger rival edible oils helped limit losses, while traders awaited export estimates from cargo surveyors.

The actively traded FCPO contract dropped to 4500 during the morning session before recovering, forming a strong uptrend on the smaller time frame. The price remains supported for further upside, with a new support range at 4530–4525, potentially a buying area. Resistance is seen at today’s high of 4550–4545. A breakout above this level could lead to further gains, while failure to break may result in sideways trading within the range. The immediate support and resistance levels are identified at 4530 and 4551, respectively. 

(News Source: Reuters)

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