FKLI
FCPO 3rd Month Futures - 20 Jun 2025
Fri, 20-Jun-2025 09:11 am
by Dealing Team • Apex Futures

FKLI
Pivot
4106
Resistance
4152 / 4175 / 4197 / 4220
Support
4127 / 4106 / 4083 / 4061
Possible Range
4090 to 4190
Strategy
Long positions may be opened above 4127 with targets at 4152/4175 stop-loss at 4107
Short positions may be opened below 4127 with targets at 4106/4083 stop-loss at 4147

FCPO Sep month rose 4 points or 0.10% to closed slightly higher at 4104. Malaysian palm oil futures traded mostly unchanged on Thursday, with support from stronger Dalian edible oils offset by subdued demand from key buyers like India.

CBOT soyoil was closed on Thursday in observance of the Juneteenth holiday and has resumed trading today. Dalian’s active palm oil contract rose 64 points to close higher at 8596 on previous night session.

The actively traded FCPO contract is showing an upward bias, having broken out of a recent consolidation range. It is currently supported above the 4,090–4,095 zone, which now serves as a key level for maintaining the bullish momentum. On the lower time frame, the price is moving within a minor upward channel, with resistance spotted at 4,175–4,180. As long as the 4,125–4,120 support zone holds, the price may continue climbing. However, if this support fails, a pullback toward the 4,090–4,095 region is likely, though downside risk remains limited for now. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4127 and 4152, 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