FCPO
FCPO 3rd Month Futures (PM) - 4 Jun 2025
Wed, 04-Jun-2025 02:42 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3930
Resistance
3953 / 3981 / 4006 / 4032
Support
3930 / 3902 / 3879 / 3854
Possible Range
3910 to 4010
Strategy
Long positions may be opened above 3930 with targets 3953/3981 at stop-loss at 3910
Short positions may be opened below 3930 with targets at 3902/3879 stop-loss at 3950

FCPO Aug month dropped 8 points or 0.2% to closed slightly lower at 3926 on midday session. Malaysian palm oil futures fell on Wednesday, weighed down by expectations of a third straight monthly increase in stock levels for May and further pressured by losses in rival edible oils on the Chicago and Dalian exchanges.

The actively traded FCPO contract continues to trade within a broad sideways consolidation range, with key support at 3,790–3,785 and resistance at 3,975–3,970. The mid-range lies around 3,895–3,900. As long as the price holds above this mid-zone, a buy-on-retracement strategy remains preferred. However, recent movement on the hourly chart shows the price hovering just below the mid-range, signaling some uncertainty in the bullish outlook. The 3,900–3,895 zone now serves as a crucial support level—holding above this range is essential for the upside momentum to stay intact. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 3930 and 3953, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.932397 3.958139
EUR 4.583468 4.586119
CNY 0.572032 0.572355
HKD 0.502650 0.505949
SGD 3.080534 3.100920