FCPO
FCPO 3rd Month Futures - 23 Jun 2025
Mon, 23-Jun-2025 09:53 am
by Dealing Team • Apex Futures

FCPO
Pivot
4114
Resistance
4131 / 4152 / 4175 / 4197
Support
4109 / 4085 / 4061 / 4036
Possible Range
4050 to 4150
Strategy
Long positions may be opened above 4109 with targets at 4131/4152 stop-loss at 4089
Short positions may be opened below 4109 with targets at 4085/4061 stop-loss at 4129

FCPO Sep month rose 14 points or 0.34% to closed higher at 4118. Malaysian palm oil futures closed higher on Friday, marking their sixth straight weekly gain, despite subdued demand in major export markets.

CBOT soyoil dropped 0.30 to closed lower at 55.10 on previous session.  Dalian’s active palm oil contract dropped 58 points to close lower at 8490 on previous night session.

The actively traded FCPO contract remained capped below the 4,145–4,150 resistance zone last week, trading within a narrow range. The current setup suggests ongoing sideways consolidation, with prices likely to stay below the resistance area. On the hourly chart, the market continues to form an upward channel, with immediate support seen at the 4,090–4,110 range, and resistance at 4,125–4,130. A breakout above this level could drive prices toward the daily resistance at 4,145–4,150. However, failure to breach this resistance may invite renewed selling pressure. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4109 and 4131, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.210973 4.249411
EUR 4.954495 4.965490
CNY 0.589445 0.590817
HKD 0.536642 0.541158
SGD 3.306006 3.333319