FCPO
FCPO 3rd Month Futures - 23 Jul 2025
Wed, 23-Jul-2025 09:00 am
by Dealing Team • Apex Futures

FCPO
Pivot
4253
Resistance
4253 / 4275 / 4297 / 4320
Support
4229 / 4205 / 4182 / 4156
Possible Range
4220 to 4320
Strategy
Long positions may be opened above 4253 with targets at 4275/4297 stop-loss at 4233
Short positions may be opened below 4253 with targets at 4229/4205 stop-loss at 4233

FCPO Oct month rose 39 points or 0.92% to closed higher at 4225. Malaysian palm oil futures closed higher on Tuesday, though market volatility persisted amid uncertainty surrounding potential trade agreements between major Asian nations and the United States.

CBOT soyoil active traded contract dropped 0.43 points to closed lower at 55.39 on previous session. Dalian’s active palm oil contract rose 26 points to close higher at 8954 on previous night session.

The actively traded FCPO contract continues to trend within an upward channel on the daily chart. On the hourly chart, the price is hovering just above the support line of the channel at 4,220–4,225, with consolidation showing an upward bias and a gradually narrowing range.

Immediate resistance is seen at 4,250–4,255. A firm break above this level could lead to further upside toward 4,275, and potentially extend to the 4,295–4,300 zone. However, failure to break above resistance may trigger some selling pressure. That said, any downside is expected to be limited as long as the key support at 4,205–4,210 holds—maintaining the bullish outlook. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4229 and 4253, respectively.

(News Source: Reuters)

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.071594 4.103148
EUR 4.788661 4.792351
CNY 0.580700 0.581157
HKD 0.523467 0.527018
SGD 3.153405 3.174965