FCPO
FCPO 3rd Month Futures (PM) - 10 Jun 2025
Tue, 10-Jun-2025 02:30 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3917
Resistance
3917 / 3940 / 3968 / 3990
Support
3888 / 3866 / 3842 / 3821
Possible Range
3880 to 3980
Strategy
Long positions may be opened above 3917 with targets 3940/3968 at stop-loss at 3897
Short positions may be opened below 3917 with targets at 3888/3866 stop-loss at 3937

FCPO Aug month dropped 19 points or 0.48% to closed lower at 3906 on midday session. Malaysian palm oil futures moved within a narrow range on Tuesday, as market participants awaited export estimates from cargo surveyors and supply and demand data from the Malaysian Palm Oil Board (MPOB) for further direction.

The actively traded FCPO contract continues to trade within a sideways consolidation range on the broader view, with key support at 3,790–3,785 and resistance between 3,975–3,970. On the daily chart, prices are hovering near the upper boundary of this range, maintaining a neutral stance as the sideways trend remains intact. Immediate support is noted at the 3,885–3,890 zone, while fresh resistance has emerged at 3,915–3,920. A breakout above this level could potentially push prices higher toward 3,940 or beyond. However, failure to break above this resistance may invite renewed selling pressure. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 3888 and 3917, 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