FCPO
FCPO 3rd Month Futures - 16 Jul 2025
Wed, 16-Jul-2025 09:18 am
by Dealing Team • Apex Futures

FCPO
Pivot
4186
Resistance
4206 / 4228 / 4256 / 4280
Support
4186 / 4158 / 4134 / 4109
Possible Range
4130 to 4230
Strategy
Long positions may be opened above 4186 with targets at 4206/4228 stop-loss at 4166
Short positions may be opened below 4186 with targets at 4158/4134 stop-loss at 4206

FCPO Oct month dropped 78 points or 1.84% to closed lower at 4163. Malaysian palm oil futures declined by almost 2% on Tuesday, snapping a two-day winning streak, as traders engaged in profit-taking amid weaker export data.

CBOT soyoil active traded contract rose 0.40 points to closed higher at 54.40 on previous session. Dalian’s active palm oil contract dropped 46 points to close lower at 8708 on previous night session.

The actively traded FCPO contract has rolled over to the October 2025 contract starting today. On the daily chart, the contract continues to trade within an upward channel pattern, with key support identified at the 4,155–4,160 range—crucial for maintaining the current bullish bias.

On the hourly chart, prices remain within a minor upward channel. In the previous session, the price dipped to a low of 4,129 before rebounding, indicating continued support for an upside bias. Immediate support is seen at the 4,180–4,185 range; holding above this level could push prices toward 4,206 or potentially as high as 4,228. However, failure to hold this support may lead to a minor pullback, though downside is expected to be limited. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4186 and 4206, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
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USD 4.212042 4.248408
EUR 4.921000 4.929487
CNY 0.591903 0.592919
HKD 0.540309 0.544492
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