FCPO
FCPO 3rd Month Futures - 9 Jul 2025
Wed, 09-Jul-2025 08:55 am
by Dealing Team • Apex Futures

FCPO
Pivot
4127
Resistance
4180 / 4203 / 4227 / 4252
Support
4156 / 4134 / 4110 / 4088
Possible Range
4120 to 4220
Strategy
Long positions may be opened above 4180 with targets at 4203/4227 stop-loss at 4160
Short positions may be opened below 4180 with targets at 4156/4134 stop-loss at 4200

FCPO Sep month surged 77 points or 1.89% to closed higher at 4148. Malaysian palm oil futures climbed for a second consecutive session on Tuesday, reaching their highest close in nearly three months, supported by strength in rival vegetable oils and a weaker ringgit.

CBOT soyoil active traded contract rose 0.14 points to closed moderately higher at 54 on previous session. Dalian’s active palm oil contract rose 88 points to close higher at 8642 on previous night session.

The actively traded FCPO contract broke above the key resistance zone of 4,145–4,150 from the broad sideways range, forming a strong breakout candle in the previous session. This zone now serves as a crucial support level to sustain further upside movement. We maintain a bullish outlook, favouring a buy strategy. Immediate resistance is seen at the 4,175–4,180 range; a breakout above this level could drive prices toward 4,203 and potentially higher to the 4,215–4,220 zone. Failure to break above resistance may result in continued sideways trading, but as long as prices hold above the 4,145–4,150 support, the uptrend remains intact. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4156 and 4180, respectively.

(News Source: Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
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