FCPO
FCPO 3rd Month Futures (PM) - 8 Jul 2025
Tue, 08-Jul-2025 02:31 pm
by Dealing Team • Apex Futures

FCPO
Pivot
4101
Resistance
4123 / 4145 / 4169 / 4190
Support
4101 / 4078 / 4057 / 4033
Possible Range
4050 to 4150
Strategy
Long positions may be opened above 4123 with targets 4145/4169 at stop-loss at 4103
Short positions may be opened below 4123 with targets at 4101/4078 stop-loss at 4143

FCPO Sep month rose 49 points or 1.20% to closed higher at 4120 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 in a sideways consolidation on the daily chart, trading near the upper boundary with key support seen at the 3,960–3,965 zone. The market opened with a gap up in the morning session and continued higher, holding firmly above the 4,080–4,085 range. This signals a shift from a minor downward channel to an upward trend. On the upside, the price could move toward the immediate resistance at 4,145. A firm break above this level may lead to further gains. However, if the price fails to sustain above it, technical selling could emerge. On the downside, the uptrend remains intact as long as support holds at the 4,100–4,095 range. A break below this support may signal a pause or pullback in the current bullish momentum. Stay cautious of potential shifts in market sentiment. The immediate support and resistance levels are identified at 4101 and 4123, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
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USD 4.231055 4.263804
EUR 4.979682 4.983636
CNY 0.591415 0.591888
HKD 0.539065 0.542720
SGD 3.309111 3.331706