FCPO
FCPO 3rd Month Futures (PM) - 11 Apr 2025
Fri, 11-Apr-2025 02:29 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4188
Resistance
4188 / 4215 / 4242 / 4266
Support
4166 / 4143 / 4120 / 4097
Possible Range
4160 to 4260
Strategy
Long positions may be opened above 4188 with targets 4215/4242 at stop-loss at 4168
Short positions may be opened below 4188 with targets at 4166/4143 stop-loss at 4208

FCPO Jun month dropped 27 points or 0.64% to closed lower at 4173 on midday session. Malaysian crude palm oil futures opened higher on Friday, supported by gains in rival edible oils on the Dalian market, though the contract remains on course for a second consecutive weekly loss.

The actively traded FCPO contract extended its recovery after finding support above the lower boundary of a broad sideways range at 4110–4105 on the larger timeframe, suggesting that downside pressure is currently limited. On the hourly chart, the price is trading within a downward channel and holding above the support zone at 4165–4170. As long as this level remains intact, the buying plan stays in focus, with potential upside movement toward 4230 or higher. However, if the support fails, selling pressure could intensify. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 4166 and 4188, 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