FCPO
FCPO 3rd Month Futures (PM) - 27 Mar 2025
Thu, 27-Mar-2025 02:32 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4285
Resistance
4308 / 4331 / 4354 / 4376
Support
4285 / 4260 / 4238 / 4195
Possible Range
4260 to 4360
Strategy
Long positions may be opened above 4285 with targets 4308/4331 at stop-loss at 4265
Short positions may be opened below 4285 with targets at 4260/4238 stop-loss at 4305

FCPO Jun month rose 35 points or 0.82% to closed higher at 4294 on midday session. Malaysian palm oil futures climbed for a second consecutive session on Thursday, supported by gains in the Dalian market, as China turned to palm oil amid its trade dispute with Canada.

The actively traded FCPO contract remains within a broad sideways range on the daily timeframe. On the hourly chart, the price is holding above the 4275–4285 minor sideways range, serving as a key support level. A potential move toward 4330–4335 could occur, provided the crucial 4295–4300 resistance zone is breached. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 4285 and 4308, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.420886 4.455517
EUR 4.777422 4.786296
CNY 0.609704 0.610870
HKD 0.568233 0.572913
SGD 3.295156 3.321155