FCPO
FCPO 3rd Month Futures - 7 Jul 2025
Mon, 07-Jul-2025 08:57 am
by Dealing Team • Apex Futures

FCPO
Pivot
4075
Resistance
4085 / 4108 / 4130 / 4153
Support
4059 / 4037 / 4015 / 3993
Possible Range
4015 to 4115
Strategy
Long positions may be opened above 4059 with targets at 4085/4108 stop-loss at 4039
Short positions may be opened below 4059 with targets at 4037/4015 stop-loss at 4079

FCPO Sep month dropped 29 points or 0.71% to closed lower at 4062. Malaysian palm oil futures ended lower on Friday, pressured by weakness in rival edible oils from the Chicago and Dalian markets as well as profit-taking activities. Despite the decline, the contract still recorded its seventh weekly gain out of the last eight.

The CBOT soyoil market was closed last Friday in observance of U.S. Independence Day and has resumed trading today. Dalian’s active palm oil contract dropped 10 points to close lower at 8482 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. Key support is seen at 3,960–3,965. On the hourly chart, the price surged twice to 4,105–4,110, forming a double top before retracing and breaking below 4,080–4,085, which now acts as immediate resistance.

Short-term movement remains range-bound between 4,055–4,060 support and 4,080–4,085 resistance. If support fails, prices may decline toward 4,037 or even 4,020–4,015. If support holds, range trading may continue with potential rebound opportunities. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4059 and 4085, 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