FCPO
FCPO 3rd Month Futures (PM) - 10 Apr 2025
Thu, 10-Apr-2025 02:25 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4189
Resistance
4215 / 4240 / 4263 / 4290
Support
4189 / 4163 / 4138 / 4115
Possible Range
4160 to 4260
Strategy
Long positions may be opened above 4215 with targets 4240/4263 at stop-loss at 4195
Short positions may be opened below 4215 with targets at 4189/4163 stop-loss at 4235

FCPO Jun month rose 65 points or 1.57% to closed higher at 4213 on midday session. Malaysian crude palm oil futures opened higher on Thursday, recovering from the previous session's loss, supported by gains in rival edible oils in the Dalian and Chicago markets.

The actively traded FCPO contract extended its recovery since the previous afternoon session, reaching resistance at 4260 before pulling back. On the lower end, support remains firm at 4160–4165, keeping the buy plan intact. However, the upside appears temporarily limited for now. A breakout above 4260–4270 could signal further recovery. Overall, trading is likely to remain sideways in the next session. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 4189 and 4215, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.949404 3.981238
EUR 4.633763 4.638745
CNY 0.579561 0.580180
HKD 0.504449 0.508017
SGD 3.094283 3.116286