FCPO
FCPO 3rd Month Futures - 16 Jun 2025
Mon, 16-Jun-2025 09:31 am
by Dealing Team • Apex Futures

FCPO
Pivot
3900
Resistance
3958 / 3980 / 4006 / 4033
Support
3927 / 3900 / 3875 / 3851
Possible Range
3910 to 4010
Strategy
Long positions may be opened above 3958 with targets at 3980/4006 stop-loss at 3938
Short positions may be opened below 3958 with targets at 3927/3900 stop-loss at 3978

FCPO Sep month jumped 86 points 2.24% to closed higher at 3922. Malaysian palm oil futures ended higher on Friday, supported by a sharp rally in crude oil and gains in rival edible oils on the Dalian and Chicago exchanges amid rising geopolitical tensions. The contract also marked its fifth consecutive weekly gain.

The CBOT soyoil futures closed up their daily 3-cent limit across the board on previous session, the active traded contract settled up 3.00 to close higher at 50.61 on previous session. Dalian’s active palm oil contract rose 284 points to close higher at 8414 on previous night session.

The actively traded FCPO contract has rolled forward to the September 2025 contract starting today. The contract remains within a broad sideways consolidation range, with key support at 3,790–3,785 and resistance at 3,975–3,970. On the shorter time frame, the price is now trading near the upper boundary of this range. Given the strong positive momentum in rival markets, palm oil prices are likely to open with a gap up. Immediate resistance is seen at 3,970–3,980; a breakout above this level may lead to further upside toward the 4,000 mark. However, failure to break above the resistance could trigger some selling pressure, with limited downside likely toward the 3,955–3,960 support zone. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3927 and 3958, 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