FCPO
FCPO 3rd Month Futures - 10 Jun 2025
Tue, 10-Jun-2025 09:07 am
by Dealing Team • Apex Futures

FCPO
Pivot
3931
Resistance
3931 / 3956 / 3980 / 4003
Support
3907 / 3884 / 3862 / 3841
Possible Range
3880 to 3980
Strategy
Long positions may be opened above 3931 with targets at 3956/3980 stop-loss at 3911
Short positions may be opened below 3931 with targets at 3907/3884 stop-loss at 3951

FCPO Aug month rose 8 points 0.20% to closed moderately higher at 3925. Malaysian palm oil futures climbed on Monday, following gains in rival vegetable oils on the Dalian and Chicago exchanges, as traders looked ahead to upcoming Malaysian palm oil data for further direction.

The CBOT Soyoil active traded contract dropped 0.12 to close lower at 47.38 on previous session. Dalian’s active palm oil contract rose 12 points to close slightly higher at 8166 on previous night session.

The actively traded FCPO contract remains 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, with overall movement staying neutral and the sideways trend still intact. Immediate support is seen at the 3,885–3,890 zone, while resistance is noted at 3,930–3,940. A breakout above this resistance could lead prices toward 3,956 or even higher at 3,980. However, failure to break above the resistant zone may trigger renewed selling pressure back to support range at 3885 to 3890. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3907 and 3931, respectively.

(News Source: Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

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