FCPO
FCPO 3rd Month Futures - 4 Jun 2025
Wed, 04-Jun-2025 09:38 am
by Dealing Team • Apex Futures

FCPO
Pivot
3938
Resistance
3961 / 3982 / 4008 / 4036
Support
3938 / 3915 / 3895 / 3874
Possible Range
3920 to 4020
Strategy
Long positions may be opened above 3938 with targets at 3961/3982 stop-loss at 3918
Short positions may be opened below 3938 with targets at 3915/3895 stop-loss at 3958

FCPO Aug month rose 56 points or 1.44% to closed higher at 3934. Malaysian palm oil futures ended higher on Tuesday, supported by gains in Dalian's edible oil market and India’s cut in import duties on crude edible oils.

The CBOT Soyoil active traded contract rose 0.53 to close higher at 46.81 on previous session. Dalian’s active palm oil contract rose 8 points to close slightly higher at 8198 on previous night session.

The actively traded FCPO contract remains within a broad sideways consolidation range from a wider perspective, with support at 3,790–3,785 and resistance at 3,975–3,970. The mid-range sits around 3,895–3,900. As long as the price holds above this mid-zone, a buy-on-retracement strategy remains favored. Recent hourly chart movement shows the price holding above the mid-range for the third time, suggesting strong support. A new support zone has formed at 3,940–3,935 — as long as this level holds, the bullish bias remains intact. However, a break below could trigger renewed selling pressure. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3938 and 3961, 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