FCPO
FCPO 3rd Month Futures (PM) - 30 Jun 2025
Mon, 30-Jun-2025 02:29 pm
by Dealing Team • Apex Futures

FCPO
Pivot
3968
Resistance
3976 / 3998 / 4021 / 4045
Support
3954 / 3930 / 3905 / 3884
Possible Range
3940 to 4040
Strategy
Long positions may be opened above 3976 with targets 3998/4021 at stop-loss at 3956
Short positions may be opened below 3976 with targets at 3954/3930 stop-loss at 3996

FCPO Sep month dropped 44 points or 1.10% to closed lower at 3967 on midday session. Malaysian palm oil futures opened lower on Monday, retracing some of last session’s gains, pressured by declines in crude oil and rival Dalian vegetable oils that dampened market sentiment.

The actively traded FCPO contract remains within a sideways consolidation pattern on the daily chart, with prices hovering near the upper boundary of the range. Immediate support is identified at the 3,955–3,960 zone, which is key for maintaining trade within the upper band. On the hourly chart, a minor sideways range is forming. The contract opened with a gap down during the morning session, nearly testing the critical support area at 3,955–3,960. We expect the price to carry a downward bias—if this support fails to hold, the market could decline further toward 3,930, or even as low as 3,905. However, if the support holds, a rebound toward 3,995–4,000 may follow. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 3954 and 3976, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.203518 4.236873
EUR 4.944847 4.949827
CNY 0.591811 0.592408
HKD 0.539572 0.543369
SGD 3.274410 3.297453