FCPO
FCPO 3rd Month Futures (PM) - 2 Apr 2025
Wed, 02-Apr-2025 02:28 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4522
Resistance
4550 / 4579 / 4603 / 4627
Support
4522 / 4498 / 4472 / 4450
Possible Range
4460 to 4560
Strategy
Long positions may be opened above 4522 with targets 4550/4579 at stop-loss at 4502
Short positions may be opened below 4522 with targets at 4498/4472 stop-loss at 4542

FCPO Jun month rose 107 points or 2.48% to closed higher at 4419 on midday session. Malaysian crude palm oil futures climbed on Wednesday as trading resumed after a two-day public holiday, driven by gains in rival edible oils.

The actively traded FCPO contract remains within a broad sideways range on the daily timeframe, holding above the crucial support at 4430–4435, with the overall trend still positive. However, on the hourly chart, prices have gapped up and are currently trading near the resistance zone of 4530–4540. A breakout above this range could drive prices higher toward 4565–4570. Conversely, failure to hold above support may trigger a technical correction, potentially pulling prices back to 4470–4465. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 4522 and 4550, respectively. 

(News Source: Reuters)

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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