FCPO
FCPO 3rd Month Futures - 17 Jun 2025
Tue, 17-Jun-2025 08:57 am
by Dealing Team • Apex Futures

FCPO
Pivot
4075
Resistance
4097 / 4122 / 4149 / 4172
Support
4075 / 4048 / 4024 / 4000
Possible Range
4015 to 4115
Strategy
Long positions may be opened above 4075 with targets at 4097/4122 stop-loss at 4055
Short positions may be opened below 4075 with targets at 4048/4024 stop-loss at 4095

FCPO Sep month surged 167 points 4.25% to closed higher at 4094. Malaysian palm oil futures ended higher for the third consecutive session on Monday, supported by strength in Chicago soyoil following the U.S. proposal for increased biofuel blending volumes, along with firm crude oil prices.

CBOT soyoil active traded contract closed up its expanded daily limit of 4.5 cents at 55.11 cents per pound on previous session. Dalian’s active palm oil contract rose 82 points to close higher at 8440 on previous night session.

The actively traded FCPO contract tracked strong gains in the soyoil market and closed higher in the previous session, breaking above the resistance of the earlier sideways consolidation range at 3,975–3,970. Prices surged further, forming an uptrend and reaching the resistance zone of 4,075–4,080 before seeing a slight pullback. We anticipate a potential technical correction following the recent sharp rally, with key support expected at the 4,020–4,025 range, where buying opportunities may emerge. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4075 and 4097, 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