FCPO
FCPO 3rd Month Futures (PM) - 24 Jun 2025
Tue, 24-Jun-2025 02:42 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4039
Resistance
4013 / 4039 / 4062 / 4083
Support
3985 / 3962 / 3940 / 3917
Possible Range
3970 to 4070
Strategy
Long positions may be opened above 4013 with targets 4039/4062 at stop-loss at 3993
Short positions may be opened below 4013 with targets at 3985/3962 stop-loss at 4033

FCPO Sep month dropped 126 points or 3.05% to closed lower at 4000 on midday session. Malaysian palm oil futures ended their four-day winning streak on Tuesday, pressured by declines in rival soyoil prices on the Dalian and Chicago exchanges, as well as weaker crude oil prices.

The actively traded FCPO contract opened sharply lower, tracking losses in rival edible oils. We maintain our view that the market remains in a broader sideways consolidation phase, with recent attempts to break above the key resistance at 4,145–4,150 proving unsuccessful. The sharp decline in the morning session has brought prices down to the crucial support zone of 4,000–4,010. This range may serve as a consolidation area for now. However, a break below this zone could trigger further downside toward 3,985 or as low as 3,962. If the support holds, prices are likely to continue trading within a tight range. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 3985 and 3962, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.202455 4.235870
EUR 4.966683 4.971697
CNY 0.588701 0.589303
HKD 0.535549 0.539297
SGD 3.300764 3.324077