FCPO
FCPO 3rd Month Futures - 26 Jun 2025
Thu, 26-Jun-2025 08:56 am
by Dealing Team • Apex Futures

FCPO
Pivot
3977
Resistance
4014 / 4039 / 4063 / 4086
Support
3990 / 3965 / 3942 / 3917
Possible Range
3960 to 4060
Strategy
Long positions may be opened above 4014 with targets at 4039/4063 stop-loss at 3994
Short positions may be opened below 4014 with targets at 3990/3965 stop-loss at 4034

FCPO Sep month dropped 18 points or 0.45% to closed lower at 3965. Malaysian palm oil futures gave up early gains to close lower on Wednesday, pressured by uncertainty surrounding the Israel-Iran conflict, although strong export figures helped limit the downside.

CBOT soyoil dropped 0.29 points to closed lower for third consecutive session at 52.32 on Wednesday. Dalian’s active palm oil contract rose 70 points to close higher at 8394 on previous night session.

The actively traded FCPO contract remains within a broader sideways consolidation phase, continuing to trade near the upper boundary of the range despite repeated failures to break above the key resistance zone of 4,145–4,150. In the previous session, the price dipped to a new low at 3,954 before rebounding. A downward channel has formed, with the recovery now approaching the resistance area at 4,015–4,020. A breakout above this zone may trigger further technical buying, potentially pushing the price toward 4,039 or even 4,060. However, if this resistance fails to break, the price may resume its downward bias toward the 3,965 level. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3990 and 4014, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.219747 4.253423
EUR 4.911876 4.916990
CNY 0.590266 0.590912
HKD 0.537648 0.541618
SGD 3.296584 3.319916