FCPO
FCPO 3rd Month Futures - 1 Jul 2025
Tue, 01-Jul-2025 08:59 am
by Dealing Team • Apex Futures

FCPO
Pivot
3983
Resistance
3983 / 4005 / 4022 / 4045
Support
3958 / 3936 / 3918 / 3894
Possible Range
3920 to 4020
Strategy
Long positions may be opened above 3983 with targets at 4005/4022 stop-loss at 3963
Short positions may be opened below 3983 with targets at 3958/3936 stop-loss at 4003

FCPO Sep month dropped 25 points or 0.62% to closed lower at 3986. Malaysian palm oil futures ended lower on Monday, retracing gains from the previous session, as sentiment was dampened by declines in Dalian palm oil and crude oil prices.

CBOT soyoil active traded contract rose 0.14 points to closed higher 52.75 on Monday. Dalian’s active palm oil contract rose 4 points to close slightly higher at 8316 on previous night session.

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. The immediate support zone is seen at 3,955–3,960, a key level for maintaining trade within the upper range.

On the hourly chart, the price is forming a minor sideways range and has attempted but failed to break above the resistance zone at 3,995–4,000. Given this rejection, we expect downward movement in today’s session. If the price breaks below the 3,955–3,960 support, it could potentially head lower toward 3,936 or even 3,918. However, if the support holds, we may see the price continue to consolidate within the current range. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 3958 and 3983, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.183060 4.216312
EUR 4.958391 4.963526
CNY 0.586424 0.587025
HKD 0.533038 0.536820
SGD 3.293088 3.316333