FCPO
FCPO 3rd Month Futures - 20 May 2025
Tue, 20-May-2025 08:59 am
by Dealing Team • Apex Futures

FCPO
Pivot
3872
Resistance
3920 / 3945 / 3970 / 3996
Support
3897 / 3872 / 3848 / 3822
Possible Range
3890 to 3990
Strategy
Long positions may be opened above 3920 with targets at 3945/3970 stop-loss at 3900
Short positions may be opened below 3920 with targets at 3897/3872 stop-loss at 3940

FCPO Aug month rose 67 points or 1.76% to closed higher at 3882. Malaysian palm oil futures ended higher on Monday, breaking a two-day losing streak, supported by gains in rival soyoil prices.

CBOT soybean oil Jul month rose 0.51 points to close higher at 49.44 on Monday. Dalian’s active palm oil contract rose 48 points to close higher at 8054 on previous night session.

The actively traded FCPO contract, from a broader perspective, continues to move within a downward channel. Recently, prices found support within a new range at 3895–3890. We anticipate a consolidation with an upside bias, potentially extending technical buying towards the resistance levels around 3945, and possibly as high as 3970, if the 3920 immediate resistance is breached. However, if the 3920 level fails to break, we may see a pullback in prices. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3897 and 3920, 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