FCPO
FCPO 3rd Month Futures (PM) - 11 Jun 2025
Wed, 11-Jun-2025 02:24 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3841
Resistance
3841 / 3865 / 3890 / 3910
Support
3817 / 3792 / 3770 / 3742
Possible Range
3790 to 3890
Strategy
Long positions may be opened above 3841 with targets 3865/3890 at stop-loss at 3821
Short positions may be opened below 3841 with targets at 3817/3792 stop-loss at 3861

FCPO Aug month dropped 28 points or 0.72% to closed lower at 3836 on midday session. Malaysian palm oil futures opened lower for a second consecutive session on Wednesday, pressured by weaker rival edible oils, softer crude oil prices, and rising end-May stock levels.

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.

In the first half of the session, prices failed to hold above the immediate support at 3,860–3,865 and opened with a gap down. The contract is now trading near the lower boundary of the broader sideways range.

We maintain a sell-on-rebound strategy for the coming session. Immediate resistance is seen at 3,840–3,845, with prices likely to retest the day’s low at 3,815–3,810 or move even lower. However, if the resistance range holds, some technical buying could emerge, potentially lifting prices to 3,865–3,860. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 3817 and 3841, 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