FCPO
FCPO 3rd Month Futures (PM) - 19 Mar 2025
Wed, 19-Mar-2025 02:32 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4424
Resistance
4424 / 4445 / 4468 / 4490
Support
4401 / 4379 / 4356 / 4334
Possible Range
4370 to 4470
Strategy
Long positions may be opened above 4424 with targets 4445/4468 at stop-loss at 4404
Short positions may be opened below 4424 with targets at 4401/4379 stop-loss at 4444

FCPO Jun month rose 50 points or 1.15% to closed higher at 4416 on midday session. Malaysian palm oil futures started higher on Wednesday, driven by gains in edible oils on the Dalian market.

The actively traded FCPO contract continues to trade within a wide-ranging sideways consolidation, remaining below the key support level of 4430-4425, reinforcing a downside bias. The primary strategy remains selling on rebounds. Support is seen at 4380-4375—holding above this range could present a short-term buying opportunity. However, if this support fails, the price may decline further toward 4355-4360, which aligns with the previous low. The immediate support and resistance levels are identified at 4401 and 4424, respectively. 

(News Source: Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.390206 4.425718
EUR 5.008717 5.015095
CNY 0.603029 0.603828
HKD 0.565660 0.569770
SGD 3.345779 3.370205