FCPO
FCPO 3rd Month Futures - 18 Jul 2025
Fri, 18-Jul-2025 08:58 am
by Dealing Team • Apex Futures

FCPO
Pivot
4268
Resistance
4294 / 4318 / 4344 / 4370
Support
4268 / 4246 / 4227 / 4205
Possible Range
4220 to 4320
Strategy
Long positions may be opened above 4294 with targets at 4318/4344 stop-loss at 4274
Short positions may be opened below 4294 with targets at 4268/4246 stop-loss at 4314

FCPO Oct month dropped 14 points or 0.33% to closed lower at 4210. Malaysian palm oil futures ended lower on Thursday, reversing the previous session’s gains, as profit-taking set in following weaker export data for the July 1–15 period.

CBOT soyoil active traded contract surged 1.47 points to closed higher at 56.15 on previous session. Dalian’s active palm oil contract jumped 126 points to close higher at 8890 on previous night session.

The actively traded FCPO contract continues to move within an upward channel on the daily chart, with prices holding firmly above the immediate support zone at 4,240–4,245. This range serves as a key level to sustain upward momentum in the event of a technical pullback. On the hourly chart, FCPO prices surged and tested the resistance boundary of the channel at 4,295–4,300. A short-term pullback may occur, and we maintain a buy-on-retracement strategy. If this resistance is breached, further upside potential could extend toward 4,318, with a possible peak at the 4,344 level. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4268 and 4294, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
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