FCPO
FCPO 3rd Month Futures - 11 Jul 2025
Fri, 11-Jul-2025 09:04 am
by Dealing Team • Apex Futures

FCPO
Pivot
4155
Resistance
4155 / 4178 / 4199 / 4221
Support
4127 / 4105 / 4082 / 4060
Possible Range
4100 to 4200
Strategy
Long positions may be opened above 4155 with targets at 4178/4199 stop-loss at 4135
Short positions may be opened below 4155 with targets at 4127/4105 stop-loss at 4175

FCPO Sep month dropped 11 points or 0.26% to closed slightly lower at 4146. Malaysian palm oil futures declined on Thursday, ending a three-session winning streak, as stockpiles in the world’s second-largest exporter climbed to their highest level in 18 months.

CBOT soyoil active traded contract rose 20 points to closed higher at 53.47 on previous session. Dalian’s active palm oil contract dropped 4 points to close slightly lower at 8624 on previous night session.

The actively traded FCPO contract recently broke above the key resistance zone at 4,145–4,150, exiting its broad sideways range. However, the price has since retreated below this level, which now remains a crucial resistance for any further upside movement. Currently, the market appears to be re-entering a sideways consolidation phase.

On the hourly chart, a double top pattern has formed after two failed attempts to break above the 4,195–4,200 range, indicating a potential continuation of technical correction. Key support is seen at the 4,110–4,105 zone. If this level holds, it could trigger renewed buying interest, with potential upside back toward the 4,155 level. However, a breakdown below this support may lead to continued downside bias in the near term. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4127 and 4155, 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