FCPO
FCPO 3rd Month Futures - 22 Jul 2025
Tue, 22-Jul-2025 09:10 am
by Dealing Team • Apex Futures

FCPO
Pivot
4242
Resistance
4242 / 4267 / 4292 / 4315
Support
4220 / 4198 / 4172 / 4151
Possible Range
4160 to 4260
Strategy
Long positions may be opened above 4242 with targets at 4267/4292 stop-loss at 4222
Short positions may be opened below 4242 with targets at 4220/4198 stop-loss at 4262

FCPO Oct month dropped 90 points or 2.09% to closed lower at 4225. Malaysian palm oil futures ended lower on Monday, retreating from the prior session’s gains, weighed down by declining soyoil prices and subdued export data.

CBOT soyoil active traded contract rose 0.23 points to closed higher at 55.82 on previous session. Dalian’s active palm oil contract dropped 34 points to close lower at 8924 on previous night session.

The actively traded FCPO contract continues to trend within an upward channel on the daily chart. However, the price failed to sustain above the 4,240–4,245 range, which now acts as a resistance zone. The new immediate support is identified at the 4,205–4,200 level. We expect a period of mild upward consolidation, potentially retesting the resistance at 4,260–4,265. A successful breakout above this level could lead to further upside. Conversely, if the price fails to breach the resistance, a technical pullback toward the 4,205–4,200 support range is likely. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4220 and 4242, respectively.

(News Source: Reuters)

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