FCPO
FCPO 3rd Month Futures - 8 Jul 2025
Tue, 08-Jul-2025 08:51 am
by Dealing Team • Apex Futures

FCPO
Pivot
4061
Resistance
4085 / 4108 / 4130 / 4153
Support
4061 / 4037 / 4015 / 3993
Possible Range
4010 to 4110
Strategy
Long positions may be opened above 4061 with targets at 4085/4108 stop-loss at 4041
Short positions may be opened below 4061 with targets at 4037/4015 stop-loss at 4081

FCPO Sep month rose 9 points or 0.22% to closed moderately higher at 4071. Malaysian palm oil futures closed higher on Monday, recovering from earlier losses driven by weaker rival edible oils, as support from stronger crude oil prices lifted the market.

CBOT soyoil active traded contract dropped 0.81 points to closed lower 53.86 on previous session. Dalian’s active palm oil contract rose 36 points to close higher at 8482 on previous night session.

The actively traded FCPO contract continues to move within a sideways consolidation on the daily chart, hovering near the upper boundary, with key support located at the 3,960–3,965 zone. On the hourly chart, the price is trending lower within a minor descending channel, forming lower highs and lower lows. We anticipate further downside movement toward the 4,035–4,040 range, with a potential low at 4,020–4,015. However, if the price retests the 4,080–4,085 resistance area, sellers should proceed with caution as a change in direction may occur. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4061 and 4085, 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