FCPO
FCPO 3rd Month Futures - 14 Jul 2025
Mon, 14-Jul-2025 09:05 am
by Dealing Team • Apex Futures

FCPO
Pivot
4178
Resistance
4178 / 4199 / 4221 / 4244
Support
4152 / 4126 / 4100 / 4076
Possible Range
4130 to 4230
Strategy
Long positions may be opened above 4152 with targets at 4178/4199 stop-loss at 4132
Short positions may be opened below 4152 with targets at 4126/4100 stop-loss at 4172

FCPO Sep month rose 28 points or 0.68% to closed higher at 4174. Malaysian palm oil futures rose on Friday and were on track for a second consecutive weekly gain, supported by strength in rival edible oils and a weaker ringgit, despite an increase in June stock levels.

CBOT soyoil active traded contract rose 0.18 points to closed higher at 53.65 on previous session. Dalian’s active palm oil contract rose 26 points to close higher at 8712 on previous night session.

The actively traded FCPO contract is showing upward momentum, having tested a key resistance zone between 4,215 and 4,220 in the previous session before pulling back. On the broader timeframe, the contract continues to trade within a wider sideways range. However, the hourly chart reflects an uptrend, with the current price action appearing to be in a technical correction phase. Crucial support lies at 4,145–4,150. Holding above this level could trigger fresh buying interest, potentially driving prices back toward the recent highs at 4,195–4,200. However, a break below the 4,145–4,150 support zone may lead to a deeper correction, possibly extending to the 4,125–4,120 range. Overall, our outlook remains positive, with the current consolidation viewed as a healthy part of the uptrend. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4152 and 4178, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
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USD 4.235841 4.269471
EUR 4.969005 4.974129
CNY 0.592897 0.593485
HKD 0.539796 0.543571
SGD 3.308321 3.331662