FCPO
FCPO 3rd Month Futures - 14 Apr 2025
Mon, 14-Apr-2025 08:30 am
by Dealing Team • Apex Futures

FCPO
Pivot
4200
Resistance
4228 / 4250 / 4174 / 4301
Support
4200 / 4176 / 4153 / 4130
Possible Range
4180 to 4280
Strategy
Long positions may be opened above 4228 with targets at 4250/4274 stop-loss at 4208
Short positions may be opened below 4228 with targets at 4200/4176 stop-loss at 4248

FCPO Jun month rose 12 points or 0.29% to closed higher at 4212. Malaysian crude palm oil futures rebounded from earlier losses on Friday but still marked a second straight weekly decline, as the market searched for direction following the release of monthly export data.

Overnight soybean oil for the May contract rose 1.03 to closed higher at 47.35. Dalian’s active palm oil contract rose 30 points to close higher at 8212 in yesterday’s night session.

The actively traded FCPO contract, on a larger timeframe, is finding support around the 4110–4105 zone—also forming a double bottom, last tested on 16 Jan—and has since shown signs of recovery. Current price action hovers near the lower end of a downward channel, suggesting limited downside momentum. On a smaller timeframe, the market is forming higher lows, indicating a possible upward bias for today, supported by gains in rival oil markets. Immediate resistance is seen at 4225–4230; a breakout above this level could lead to further upside towards 4270–4275. If resistance holds, the market may move into sideways consolidation, with support at 4180–4175. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4200 and 4228, 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