FCPO
FCPO 3rd Month Futures - 6 Jun 2025
Fri, 06-Jun-2025 09:14 am
by Dealing Team • Apex Futures

FCPO
Pivot
3916
Resistance
3943 / 3966 / 3992 / 4017
Support
3921 / 3895 / 3871 / 3848
Possible Range
3860 to 3960
Strategy
Long positions may be opened above 3921 with targets at 3943/3966 stop-loss at 3901
Short positions may be opened below 3921 with targets at 3895/3871 stop-loss at 3941

FCPO Aug month dropped 45 points or 1.14% to closed lower at 3903. Malaysian palm oil futures fell on Thursday, ending a two-day winning streak, as traders took profits and weakness in rival edible oils weighed on sentiment.

The CBOT Soyoil active traded contract dropped 0.16 to close lower at 46.65 on previous session. Dalian’s active palm oil contract rose 52 points to close higher at 8158 on previous night session.

The actively traded FCPO contract remains within a broad sideways consolidation range, with support at 3,790–3,785 and resistance at 3,975–3,970. On the hourly chart, the price is currently trading in the upper part of the range, staying above the key support zone of 3,900–3,895. If this level continues to hold, the price may push higher toward 3,943 or even retest the 3,966 zone. However, a break below the support could trigger selling pressure, potentially dragging the price down to the 3,870–3,865 area. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3921 and 3943, 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