FCPO
FCPO 3rd Month Futures - 3 Jun 2025
Tue, 03-Jun-2025 09:15 am
by Dealing Team • Apex Futures

FCPO
Pivot
3886
Resistance
3886 / 3911 / 3935 / 3960
Support
3864 / 3839 / 3818 / 3793
Possible Range
3840 to 3940
Strategy
Long positions may be opened above 3864 with targets at 3886/3911 stop-loss at 3844
Short positions may be opened below 3864 with targets at 3839/3818 stop-loss at 3884

FCPO Aug month dropped 54 points or 1.37% to closed lower at 3878. Malaysian palm oil futures ended lower on Friday, halting a five-day winning streak, pressured by weakness in the soybean oil market.

The CBOT Soyoil active traded contract dropped 0.61 to close lower at 46.28 on previous session. Dalian’s active palm oil contract dropped 4 points to close slightly lower at 8068 on previous night session.

The actively traded FCPO contract is currently hovering in a sideways consolidation pattern after recently breaking above the 3,865–3,870 zone, which now acts as both the mid-range level and a key support line. If prices hold above this area, we may see a rebound toward the upper range at 3,886–3,911. However, a break below this support could trigger further selling pressure, potentially driving prices down to 3,839 and possibly extending to the lower boundary near 3,818 Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3864 and 3886, 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