FCPO
FCPO 3rd Month Futures (PM) - 14 Apr 2025
Mon, 14-Apr-2025 02:25 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4181
Resistance
4181 / 4204 / 4228 / 4253
Support
4160 / 4137 / 4110 / 4088
Possible Range
4135 to 4235
Strategy
Long positions may be opened above 4160 with targets 4181/4204 at stop-loss at 4140
Short positions may be opened below 4160 with targets at 4137/4110 stop-loss at 4180

FCPO Jun month dropped 45 points or 1.07% to closed lower at 4167 on midday session. Malaysian crude palm oil futures declined on Monday, weighed down by losses in Chicago soyoil.

The actively traded FCPO contract, on the larger timeframe, is finding support around the 4110–4105 zone—forming a potential double bottom, last tested on 16 January—and has since shown signs of recovery. Current price action hovers near the lower end of a downward channel, suggesting limited downside momentum in the broader view. On the hourly chart, selling pressure was seen during the morning session, with the price now forming a sideways consolidation. Immediate support is at 4160–4155; a break below this range may lead to further downside. However, if the support holds, we may see a rebound, with potential upside towards 4200–4205. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 4160 and 4181, respectively. 

(News Source: Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

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