FCPO
FCPO 3rd Month Futures - 11 Jun 2025
Wed, 11-Jun-2025 09:03 am
by Dealing Team • Apex Futures

FCPO
Pivot
3890
Resistance
3890 / 3912 / 3938 / 3964
Support
3862 / 3835 / 3812 / 3789
Possible Range
3835 to 3935
Strategy
Long positions may be opened above 3862 with targets at 3890/3912 stop-loss at 3842
Short positions may be opened below 3862 with targets at 3835/3812 stop-loss at 3882

FCPO Aug month dropped 61 points 1.55% to closed lower at 3864. Malaysian palm oil futures declined on Tuesday, ending a two-day winning streak, as concerns over rising end-May stocks pressured prices. However, strong June export data provided some support to the contract.

The CBOT Soyoil active traded contract rose 0.41 to close higher at 47.79 on previous session. Dalian’s active palm oil contract dropped 74 points to close lower at 8086 on previous night session.

The actively traded FCPO contract remains within a broader sideways consolidation range, with key support at 3,790–3,785 and resistance between 3,975–3,970. On the hourly chart, the price is moving within a short-term downward channel but appears to be supported near the upper boundary of the broader sideways range. Immediate support is seen at the 3,860–3,865 zone, which may help prevent further downside. There is potential for technical buying, though any upside may be limited, with immediate resistance around 3,885–3,890.

A break and hold above this resistance could open the door for further upward movement. However, failure to sustain above it may invite renewed selling pressure. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3862 and 3890, 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