FCPO
FCPO 3rd Month Futures (PM) - 7 Jul 2025
Mon, 07-Jul-2025 02:41 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4049
Resistance
4065 / 4084 / 4107 / 4129
Support
4049 / 4025 / 4003 / 3980
Possible Range
4020 to 4120
Strategy
Long positions may be opened above 4049 with targets 4065/4084 at stop-loss at 4029
Short positions may be opened below 4049 with targets at 4025/4003 stop-loss at 4069

FCPO Sep month dropped 15 points or 0.37% to closed lower at 4047 on midday session. Malaysian palm oil futures fell for a second consecutive session on Monday, pressured by declines in rival edible oils and crude oil prices.

The actively traded FCPO contract remains within a sideways consolidation on the daily chart, hovering near the upper boundary of the range, with key support seen at 3,960–3,965. On the hourly chart, prices opened lower in the morning session but later recovered some losses. However, resistance was encountered around the 4,060–4,065 zone, prompting a pullback. We maintain our view that the market may continue with a downward bias if it breaks below the 4,045–4,050 support zone, potentially heading toward 4,025. If this support holds, price action may continue within a sideways consolidation, with 4,065 remaining as the immediate resistance to watch. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 4049 and 4065, respectively. 

(News Source: Reuters)

(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