FCPO
FCPO 3rd Month Futures (PM) - 25 Mar 2025
Tue, 25-Mar-2025 02:33 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4295
Resistance
4295 / 4317 / 4340 / 4368
Support
4270 / 4248 / 4220 / 4195
Possible Range
4230 to 4330
Strategy
Long positions may be opened above 4270 with targets 4295/4317 at stop-loss at 4250
Short positions may be opened below 4270 with targets at 4248/4220 stop-loss at 4290

FCPO Jun month rose 6 points or 0.14% to closed slightly higher at 4276 on midday session. Malaysian crude palm oil futures fell for the third consecutive session on Tuesday, following losses in rival vegetable oils on the Dalian and Chicago markets, as investors awaited export data.

The actively traded FCPO contract on the daily timeframe remains within a broad sideways range but recently broke below the key support zone at 4,295–4,300, signaling continued bearish momentum. A sustained move below this level could lead to further downside, while reclaiming it may drive a potential rebound. On the hourly timeframe, the 4,270–4,275 zone now acts as minor resistance, where a rebound could present a selling opportunity, targeting today’s low at 4,250–4,245. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 4270 and 4295, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.419906 4.456520
EUR 4.797177 4.803905
CNY 0.610675 0.611563
HKD 0.568427 0.572673
SGD 3.294013 3.318606