FCPO
FCPO 3rd Month Futures - 17 Jul 2025
Thu, 17-Jul-2025 08:57 am
by Dealing Team • Apex Futures

FCPO
Pivot
4205
Resistance
4227 / 4253 / 4278 / 4303
Support
4205 / 4181 / 4160 / 4139
Possible Range
4140 to 4240
Strategy
Long positions may be opened above 4227 with targets at 4253/4278 stop-loss at 4207
Short positions may be opened below 4227 with targets at 4205/4181 stop-loss at 4247

FCPO Oct month rose 78 points or 1.88% to closed higher at 4224. Malaysian palm oil futures ended higher on Wednesday, recovering from the previous session’s losses, supported by strength in rival soyoil prices on the Dalian and Chicago exchanges.

CBOT soyoil active traded contract rose 0.28 points to closed higher at 54.68 on previous session. Dalian’s active palm oil contract rose 4 points to close slightly higher at 8724 on previous night session.

The actively traded FCPO contract remains within an upward channel on the daily chart, with key support at the 4,155–4,160 range—critical for sustaining the current bullish bias. On the hourly chart, prices continue to follow a minor upward channel, having rebounded after touching a low of 4,129, signaling ongoing support for the upside. We maintain a buy-on-retracement strategy, provided the 4,180–4,185 support range holds. A break above the immediate resistance at 4,225–4,230 could lead prices higher toward 4,253, with a potential peak around 4,278. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at  4205 and 4227, 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
SGD 3.268153 3.293573