FCPO
FCPO 3rd Month Futures (PM) - 26 Mar 2025
Wed, 26-Mar-2025 02:28 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4265
Resistance
4288 / 4314 / 4339 / 4360
Support
4265 / 4243 / 4220 / 4195
Possible Range
4230 to 4330
Strategy
Long positions may be opened above 4265 with targets 4288/4314 at stop-loss at 4245
Short positions may be opened below 4265 with targets at 4243/4220 stop-loss at 4285

FCPO Jun month rose 32 points or 0.75% to closed higher at 4277 on midday session. Malaysian crude palm oil futures started higher on Wednesday, following three straight sessions of losses, but worries about weak exports limited the gains.

The actively traded FCPO contract on the daily timeframe remains within a broad sideways range but has recently broken below the key support zone at 4,295–4,300. This zone now acts as a crucial resistance level. We maintain our view that, on the hourly timeframe, the price is consolidating within a narrow range, with resistance at 4,275–4,280 and support at 4,230–4,235. The price is currently hovering near the resistance area. If support holds, we may see further upside driven by technical buying, with the highest target around the 4,300–4,325 range. However, if the resistance zone fails to hold, the price could turn lower. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 4265 and 4288, 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