FCPO
FCPO 3rd Month Futures - 25 Jun 2025
Wed, 25-Jun-2025 09:01 am
by Dealing Team • Apex Futures

FCPO
Pivot
4022
Resistance
4003 / 4030 / 4054 / 4079
Support
3985 / 3963 / 3938 / 3916
Possible Range
3960 to 4060
Strategy
Long positions may be opened above 4003 with targets at 4030/4054 stop-loss at 3983
Short positions may be opened below 4003 with targets at 3985/3963 stop-loss at 4023

FCPO Sep month plunged 143 points or 3.47% to closed lower at 3983. Malaysian palm oil futures fell over 3% on Tuesday, ending a four-day winning streak, as the market came under pressure from declines in Chicago soyoil and crude oil prices following a ceasefire agreement between Israel and Iran that helped ease regional tensions.

CBOT soyoil jumped another 1.14 points to closed lower for second consecutive session at 52.61 on Tuesday.  Dalian’s active palm oil contract dropped 58 points to close lower at 8316 on previous night session.

The actively traded FCPO contract closed sharply lower in the previous session, tracking declines in rival edible oils. We maintain our view that the market remains within a broader sideways consolidation phase, with repeated failures to break above the key resistance zone of 4,145–4,150. In the last session, prices touched a crucial support area at 3,960–3,965, which marks the midpoint of the broader range. While overall sentiment remains cautious, some technical buying may emerge, potentially lifting prices toward the resistance zone at 4,025–4,030. A breakout above this level could lead to further gains toward the 4,054 level. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3985 and 4003, 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