FCPO
FCPO 3rd Month Futures - 28 Mar 2025
Fri, 28-Mar-2025 09:27 am
by Dealing Team • Apex Futures

FCPO
Pivot
4300
Resistance
4340 / 4368 / 4436
Support
4273 / 4232 / 4164
Possible Range
4320 to 4420
Strategy
Long positions may be opened above 4360 with targets at 4385/4410 stop-loss at 4340
Short positions may be opened below 4360 with targets 4329/4299 stop-loss at 4380

FCPO Jun month rose 53 points or 1.24% to closed higher at 4259 on midday session. Malaysian crude palm oil futures rose on Friday after three straight sessions of losses, supported by bargain hunting following a nearly two-month low.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange gained 54 ringgit, or 1.27%, to 4,313 ringgit ($973.81) a metric ton at closing.

“Palm prices are supportive due to the ongoing China-Canada trade traffic on canola oil. China has, therefore, shifted to buying palm,” a Kuala Lumpur-based trader said.

Palm oil contract on the Dalian Commodity Exchange gained 0.54%, while its most-active soyoil contract was up 0.48%. Soyoil prices on the Chicago Board of Trade (CBOT) were up 0.72%.

Indonesia raised its crude palm oil reference price for April to $961.54 a metric ton. The new price will leave the export tax for April unchanged at $124 a ton.

(News Source: Business Recorder)

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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