FCPO
FCPO 3rd Month Futures - 12 Jun 2025
Thu, 12-Jun-2025 09:09 am
by Dealing Team • Apex Futures

FCPO
Pivot
3842
Resistance
3842 / 3865 / 3888 / 3911
Support
3820 / 3798 / 3775 / 3749
Possible Range
3780 to 3880
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 25 points 0.65% to closed lower at 3839. Malaysian palm oil futures fell for a second consecutive session on Wednesday, closing at their lowest level in over two weeks, pressured by declining prices of rival edible oils and an increase in end-May stockpiles.

The CBOT Soyoil active traded contract rose 0.23 to close higher at 48.02 on previous session. Dalian’s active palm oil contract dropped 38 points to close lower at 7990 on previous night session.

The actively traded FCPO contract continues to trade within a broader sideways consolidation range, with key support at 3,790–3,785 and resistance between 3,975–3,970. In the previous session, prices failed to hold above the 3,860–3,865 support zone and are now lingering near the lower boundary of the range. We maintain a sell-on-rebound strategy, with immediate resistance seen at the 3,840–3,845 zone. A breakout above this level may trigger short-term technical buying toward 3,865, or potentially as high as 3,888. However, failure to breach this resistance could lead to renewed selling pressure from that point. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3820 and 3798, 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