FCPO
FCPO 3rd Month Futures - 27 May 2025
Tue, 27-May-2025 08:47 am
by Dealing Team • Apex Futures

FCPO
Pivot
3815
Resistance
3837 / 3863 / 3886 / 3910
Support
3815 / 3794 / 3772 / 3751
Possible Range
3790 to 3890
Strategy
Long positions may be opened above 3815 with targets at 3837/3863 stop-loss at 3795
Short positions may be opened below 3815 with targets at 3794/3772 stop-loss at 3835

FCPO Aug month rose 6 points or 0.16% to closed slightly higher at 3833. Malaysian palm oil futures moved within a narrow range on Monday, weighed down by weaker soyoil prices and worries about increasing production and stockpiles, though firmer crude oil prices provided limited support.

The CBOT soyoil market was closed yesterday in observance of Memorial Day and will resume trading today. Dalian’s active palm oil contract rose 2 points to close slightly higher at 7982 on previous night session.

The actively traded FCPO contract remains within a broader downward channel. In yesterday’s session, the price briefly broke below the key support zone around 3800–3805 but quickly recovered, indicating potential support at the lower end of the range. On the hourly chart, the market is now consolidating sideways after rebounding above the 3800–3805 level. This area continues to act as a support base, suggesting possible technical buying interest. If the price pushes higher, we may see it test the mid-range resistance around 3860–3865. A breakout above this level could signal further upside. However, if it fails to break above, selling pressure is likely to return within that range. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3815 and 3837, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.060398 4.090876
EUR 4.772014 4.774503
CNY 0.579057 0.579372
HKD 0.522130 0.525548
SGD 3.142987 3.163685