FCPO
FCPO 3rd Month Futures (PM) - 19 May 2025
Mon, 19-May-2025 02:32 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3858
Resistance
3858 / 3880 / 3902 / 3930
Support
3831 / 3804 / 3786 / 3768
Possible Range
3790 to 3890
Strategy
Long positions may be opened above 3858 with targets 3880/3902 at stop-loss at 3838
Short positions may be opened below 3858 with targets at 3831/3804 stop-loss at 3838

FCPO Aug month rose 41 points or 1.07% to closed higher at 3856 on midday session. Malaysian palm oil futures climbed approximately 1% to trade above MYR 3,850 per tonne on Monday, halting a two-day decline amid signs of improving export demand.

The actively traded FCPO contract, from a broader perspective, continues to move within a downward channel. Recently, the price encountered resistance in the 3870–3875 range. On the downside, immediate support is seen at 3795–3800. We anticipate sideways consolidation with potential technical buying toward the resistance zone. However, if the price fails to break above this level, selling pressure may resume. Conversely, a successful breakout above the resistance could lead to continued buying interest, potentially pushing prices above the 3900 range. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 3831 and 3858, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.061877 4.094367
EUR 4.778623 4.788197
CNY 0.579532 0.580122
HKD 0.522115 0.526303
SGD 3.147144 3.172563