FCPO
FCPO 3rd Month Futures (PM) - 12 Jun 2025
Thu, 12-Jun-2025 02:32 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3861
Resistance
3882 / 3905 / 3933 / 3960
Support
3861 / 3835 / 3811 / 3786
Possible Range
3800 to 3900
Strategy
Long positions may be opened above 3882 with targets 3905/3933 at stop-loss at 3862
Short positions may be opened below 3882 with targets at 3861/3835 stop-loss at 3902

FCPO Aug month rose 35 points or 0.91% to closed higher at 3874 on midday session. Malaysian palm oil futures traded in a narrow range on Thursday, pressured by weaker Dalian vegetable oils and a firmer ringgit, though gains in Chicago soyoil provided some support.

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. During the morning session, prices showed an upward bias on technical buying, approaching the crucial resistance zone at 3,889. This level now serves as a key barrier for further upside movement. Failure to break above it may trigger renewed selling pressure, potentially dragging prices down toward 3,861 or even as low as the 3,835–3,840 range. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 3861 and 3882, 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