FCPO
FCPO 3rd Month Futures (PM) - 27 May 2025
Tue, 27-May-2025 02:26 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3812
Resistance
3819 / 3839 / 3863 / 3887
Support
3797 / 3776 / 3755 / 3732
Possible Range
3780 to 3880
Strategy
Long positions may be opened above 3819 with targets 3839/3863 at stop-loss at 3795
Short positions may be opened below 3819 with targets at 3797/3776 stop-loss at 3839

FCPO Aug month dropped 27 points or 0.70% to closed lower at 3806 on midday session. Malaysian palm oil futures opened lower on Tuesday, ending a two-day winning streak, weighed down by weaker prices in rival Dalian soyoil and crude oil markets.

The actively traded FCPO contract remains within a broader downward channel. While the price briefly dipped below the key support zone of 3800–3805, it quickly rebounded, suggesting firm support at the lower end of the range. On the hourly chart, the market is consolidating sideways after reclaiming the 3800–3805 level. This area continues to act as a support base, potentially attracting technical buying. If prices climb higher, resistance is expected around 3860–3865. A breakout above this zone may open the door to further upside, while failure to breach it could lead to renewed selling pressure. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 3797 and 3819, 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