FCPO
FCPO 3rd Month Futures (PM) - 9 Jun 2025
Mon, 09-Jun-2025 02:32 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3943
Resistance
3966 / 3990 / 4016 / 4035
Support
3943 / 3921 / 3900 / 3875
Possible Range
3900 to 4000
Strategy
Long positions may be opened above 3943 with targets 3966/3990 at stop-loss at 3923
Short positions may be opened below 3943 with targets at 3921/3900 stop-loss at 3963

FCPO Aug month rose 30 points or 0.77% to closed higher at 3947 on midday session. Malaysian palm oil futures opened higher for a second consecutive session on Monday, supported by strength in rival Dalian oils. However, gains were limited by weaker Chicago soyoil prices.

The actively traded FCPO contract continues to trade within a sideways consolidation range on the broader view, with key support levels at 3,790–3,785 and resistance between 3,975–3,970. On the daily chart, prices are currently hovering near the upper boundary of this range. A new immediate support zone has emerged at 3,940–3,935. As long as prices remain supported above this range, there is potential for a buying opportunity, with upside targets seen at 3,965–3,970 and possibly extending to 3,990. However, a failure to hold above the 3,940–3,935 support zone could trigger renewed selling pressure. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 3943 and 3966, 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