FCPO
FCPO 3rd Month Futures - 15 Jul 2025
Tue, 15-Jul-2025 08:57 am
by Dealing Team • Apex Futures

FCPO
Pivot
4213
Resistance
4238 / 4262 / 4288 / 4313
Support
4213 / 4190 / 4168 / 4145
Possible Range
4180 to 4280
Strategy
Long positions may be opened above 4238 with targets at 4262/4288 stop-loss at 4218
Short positions may be opened below 4238 with targets at 4213/4190 stop-loss at 4258

FCPO Sep month rose 56 points or 1.34% to closed higher at 4230. Malaysian palm oil futures ended higher on Monday, supported by gains in rival edible oils, firmer crude oil prices, and a weaker ringgit.

CBOT soyoil active traded contract rose 0.35 points to closed higher at 54 on previous session. Dalian’s active palm oil contract rose 86 points to close higher at 8788 on previous night session.

The actively traded FCPO contract continues to show upward momentum, having broken above the 4,200–4,195 range, which now serves as the immediate support level. The hourly chart also reflects an ongoing uptrend, with immediate resistance identified at the 4,235–4,240 zone. As the price has been consolidating just below this resistance since yesterday’s noon session, a breakout above could lead to further upside toward 4,262 or potentially as high as 4,288. However, failure to break above this level may result in continued sideways trading with limited downside. 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
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