FCPO
FCPO 3rd Month Futures (PM) - 22 May 2025
Thu, 22-May-2025 02:28 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3862
Resistance
3862 / 3882 / 3905 / 3926
Support
3842 / 3818 / 3792 / 3768
Possible Range
3820 to 3820
Strategy
Long positions may be opened above 3842 with targets 3862/3882 at stop-loss at 3822
Short positions may be opened below 3842 with targets at 3818/3792 stop-loss at 3862

FCPO Aug month dropped 50 points or 1.28% to closed lower at 3844 on midday session. Malaysian palm oil futures fell for a second straight session on Thursday, pressured by weakness in rival edible oils and declining crude oil prices.

The actively traded FCPO contract opened with a gap down in this morning’s session and continues to move within a downward channel on the broader timeframe. On the hourly chart, key support is identified in the 3840–3845 range. If prices hold above this level, a potential buying opportunity may emerge, with upside targets around 3862, and possibly up to 3882. However, if the support fails to hold, further downside movement is likely. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 3842 and 3862, 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