FCPO
FCPO 3rd Month Futures - 3 Jul 2025
Thu, 03-Jul-2025 08:33 am
by Dealing Team • Apex Futures

FCPO
Pivot
4037
Resistance
4086 / 4110 / 4134 / 4158
Support
4062 / 4037 / 4013 / 3989
Possible Range
4035 to 4135
Strategy
Long positions may be opened above 4086 with targets at 4110/4134 stop-loss at 4066
Short positions may be opened below 4086 with targets at 4062/4037 stop-loss at 4106

FCPO Sep month rose 94 points or 2.37% to closed higher at 4062. Malaysian palm oil futures ended higher on Wednesday, breaking a two-day losing streak, driven by improved demand, a rally in soyoil, and expectations of lower production in June.

CBOT soyoil active traded contract surged 1.39 points to closed higher 55.07 on previous session. Dalian’s active palm oil contract rose 104 points to close higher at 8480 on previous night session.

The actively traded FCPO contract continues to trade within a sideways consolidation on the daily chart, hovering near the upper boundary of the range. Prices remain well-supported above the 3,955–3,960 zone, with an upward bias reinforced by strong buying interest in the previous session. On the hourly chart, the price surged to test the 4,080–4,085 resistance zone three times, marking it as a key level. If this range holds as support, we may see further upside toward 4,110 or even 4,134 — near the top of the broader consolidation range. However, failure to sustain above the 4,080–4,085 zone could trigger a technical correction, with potential pullbacks to 4,062 or as low as 4,037. Nonetheless, the overall uptrend bias remains intact. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4062 and 4086, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.214000 4.246402
EUR 4.933065 4.941517
CNY 0.592554 0.593580
HKD 0.540322 0.544498
SGD 3.273088 3.298512