FCPO
FCPO 3rd Month Futures - 21 Jul 2025
Mon, 21-Jul-2025 09:03 am
by Dealing Team • Apex Futures

FCPO
Pivot
4289
Resistance
4334 / 4357 / 4379 / 4405
Support
4289 / 4264 / 4240 / 4218
Possible Range
4245 to 4345
Strategy
Long positions may be opened above 4312 with targets at 4334/4357 stop-loss at 4292
Short positions may be opened below 4312 with targets at 4289/4264 stop-loss at 4332

FCPO Oct month jumped 105 points or 2.49% to closed higher at 4315. Malaysian palm oil futures ended higher on Friday, marking their third straight weekly gain, driven by strength in rival edible oils on the Dalian and Chicago exchanges.

CBOT soyoil active traded contract dropped 0.56 points to closed lower at 55.59 on previous session. Dalian’s active palm oil contract surged 150 points to close higher at 9046 on previous night session.

The actively traded FCPO contract continues to trend 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 maintain upward momentum in the event of a technical pullback. On the upside, prices have reached another resistance zone at 4,335–4,340. A successful breakout above this level could drive further gains.

On the hourly chart, the price maintains an upward bias, but a recent pullback from the resistance area was accompanied by a bearish full-body candlestick followed by a shooting star formation—indicating a potential shift to downside bias. If the market continues to correct, immediate support is seen at 4,290–4,285. A rebound from this level may attract fresh buying interest, while a break below it could lead to further downside toward the 4,265–4,260 region. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4289 and 4334, 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