FCPO
FCPO 3rd Month Futures - 4 Jul 2025
Fri, 04-Jul-2025 09:03 am
by Dealing Team • Apex Futures

FCPO
Pivot
4084
Resistance
4084 / 4106 / 4128 / 4150
Support
4061 / 4038 / 4015 / 3993
Possible Range
4040 to 4140
Strategy
Long positions may be opened above 4084 with targets at 4106/4128 stop-loss at 4064
Short positions may be opened below 4084 with targets at 4061/4038 stop-loss at 4104

FCPO Sep month rose 29 points or 0.71% to closed higher at 4091. Malaysian palm oil futures climbed for a second straight session on Thursday, buoyed by strength in rival Dalian oils, though gains were capped by softer crude oil and Chicago soyoil prices.

CBOT soyoil active traded contract dropped 0.4 points to closed lower 54.67 on previous session. Dalian’s active palm oil contract rose 36 points to close higher at 8514 on previous night session.

The actively traded FCPO contract continues to move within a sideways consolidation pattern on the daily chart, hovering near the upper boundary of the range. On the hourly chart, prices surged twice to the 4105–4110 zone, forming a potential double top before retracing back to the 4080–4085 range — now acting as immediate resistance. A successful breakout above this zone could lead to a further climb toward 4106 and possibly 4128. However, failure to break higher may trigger a technical correction after the recent rally, with downside potential toward the 4040–4045 support zone. Our primary view favors a technical pull back to come down first and trader may consider buy on retracement. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4061 and 4084, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.219527 4.248909
EUR 4.898973 4.903954
CNY 0.589398 0.590015
HKD 0.537449 0.541217
SGD 3.277650 3.300651