FCPO
FCPO 3rd Month Futures (PM) - 30 May 2025
Fri, 30-May-2025 08:45 am
by Dealing Team • Apex Futures

FCPO
Pivot
3926
Resistance
3926 / 3949 / 3971 / 3991
Support
3901 / 3880 / 3859 / 3835
Possible Range
3860 to 3960
Strategy
Long positions may be opened above 3901 targets at 3880/3859 stop-loss at 3881
Short positions may be opened below 3901 targets at 3880/3859 stop-loss at 3921

FCPO Aug month rose 33 points or 0.85% to close higher at 3932 Malaysian palm oil futures climbed above MYR 3,900 per tonne on Thursday, marking their fifth straight session of gains, supported by strength in rival edible oils on the Chicago Board of Trade

CBOT soybean oil Jul month dropped 0.54 on Thursday. Dalian’s active palm oil contract higher at 8152 on previous night session. 0.54 points to close lower at 48.39 Dalian’s active palm oil contract rose 20 points to close on previous night session. 

The actively traded FCPO contract traded higher in the previous session, reaching an intraday high of 3,966 before encountering selling pressure. Prices later broke below the 3,940–3,935 zone, which now acts as the immediate resistance range. Overall, the market remains in a sideways consolidation pattern, with the upper range capped at 3,940 The actively traded FCPO contract traded higher in the previous session, reaching an intraday high of 3,966 before encountering selling pressure. 3,935 zone, which now acts as the Overall, the market remains in a sideways consolidation pattern, with the upper range capped at 3,940–3,935. We anticipate a potential technical correction and prefer a sell-on-rebound approach. Immediate support is seen at 3,880–3,885, and a break ow this level could lead prices toward 3,860–3,855 — the midpoint of Beware of any potential sentiment changes. ce levels are pinpointed at 3901 and anticipate a potential technical correction and prefer a sell approach. Immediate support is seen at 3,880 below this level could lead prices toward 3,860 the current sideways range. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpoint 3926, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
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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