FCPO
FCPO 3rd Month Futures (PM) - 18 Apr 2025
Fri, 18-Apr-2025 02:22 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4027
Resistance
4027 / 4053 / 4077 / 4098
Support
4003 / 3976 / 3950 / 3925
Possible Range
4000 to 4100
Strategy
Long positions may be opened above 4027 with targets 4050/4077 at stop-loss at 4007
Short positions may be opened below 4027 with targets at 4003/3976 stop-loss at 4047

FCPO Jul month rose 4 points or 0.10% to closed slightly higher at 4015 on midday session. Malaysian crude palm oil futures rebounded on Friday, ending a four-session losing streak, supported by gains in rival vegetable oils. However, the contract remains on course for its third straight weekly decline.

The actively traded FCPO contract on the daily chart continues to face resistance below the key 4110–4105 zone, trading within a sideways consolidation. Our view remains that the range is defined with resistance at 4060–4065, support at 4000–4005, and a mid-range around 4025–4030.As long as prices hold above the mid-range, the buy-on-dip approach remains intact, with potential to retest the upper boundary. A breakout above 4065 may indicate further upside. However, if prices slip below the mid-range, the market could trend lower, with stronger support likely to emerge near the 4000–4005 area. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 4003 and 4027, 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