FCPO
FCPO 3rd Month Futures - 10 Jul 2025
Thu, 10-Jul-2025 08:38 am
by Dealing Team • Apex Futures

FCPO
Pivot
4164
Resistance
4145 / 4164 / 4187 / 4213
Support
4127 / 4105 / 4082 / 4060
Possible Range
4100 to 4200
Strategy
Long positions may be opened above 4145 with targets at 4164/4187 stop-loss at 4125
Short positions may be opened below 4145 with targets at 4127/4105 stop-loss at 4165

FCPO Sep month rose 9 points or 0.22% to closed slightly higher at 4157. Malaysian palm oil futures extended gains for a third consecutive session on Wednesday, reaching their highest level in nearly three months. The rally was driven by strength in rival Dalian oils and a weaker ringgit, though upside was capped by weakness in Chicago soyoil.

CBOT soyoil active traded contract dropped 0.73 points to closed lower at 53.27 on previous session. Dalian’s active palm oil contract dropped 38 points to close lower at 8618 on previous night session.

The actively traded FCPO contract recently broke above the key resistance zone of 4,145–4,150 from its broad sideways range. However, the previous session saw resistance near the 4,200–4,195 zone, suggesting a potential continuation of technical correction in the upcoming sessions. On the hourly chart, a minor upward channel pattern is observed, but the price appears to be undergoing a correction following the recent surge. Immediate support is identified at the 4,110–4,105 range. If this level holds, a rebound may occur; however, a break below it could signal further downside. Overall, the main trend remains upward-biased. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4127 and 4145, respectively.

(News Source: Reuters)

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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