FCPO
FCPO 3rd Month Futures (PM) - 23 Jun 2025
Mon, 23-Jun-2025 02:25 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4112
Resistance
4112 / 4134 / 4158 / 4180
Support
4087 / 4065 / 4040 / 4019
Possible Range
4050 to 4150
Strategy
Long positions may be opened above 4112 with targets 4134/4158 at stop-loss at 4092
Short positions may be opened below 4112 with targets at 4087/4065 stop-loss at 4132

FCPO Sep month dropped 12 points or 0.29% to closed slightly lower at 4106 on midday session. Malaysian palm oil futures traded within a narrow range on Monday, as gains from stronger Chicago soyoil and crude oil prices were offset by weakness in rival Dalian oils amid rising tensions in the Middle East.

The actively traded FCPO contract remained capped below the 4,145–4,150 resistance zone last week, trading within a narrow range. This suggests continued sideways consolidation from a broader perspective, with prices likely staying below the upper resistance zone. On the hourly chart, the market is forming an upward channel, with immediate support seen at 4,090–4,110 and resistance at 4,125–4,130. We anticipate a potential technical correction, with prices likely pulling back toward the 4,085–4,090 support zone. If this level holds, a rebound may follow. However, if the support fails, further selling pressure could emerge. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 4087 and 4112, 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