FCPO
FCPO 3rd Month Futures - 25 Jul 2025
Fri, 25-Jul-2025 09:04 am
by Dealing Team • Apex Futures

FCPO
Pivot
4332
Resistance
4332 / 4353 / 4374 / 4400
Support
4310 / 4285 / 4265 / 4246
Possible Range
4280 to 4380
Strategy
Long positions may be opened above 4332 with targets at 4353/4374 stop-loss at 4312
Short positions may be opened below 4332 with targets at 4310/4285 stop-loss at 4352

FCPO Oct month rose 15 points or 0.35% to closed moderately higher at 4330. Malaysian palm oil futures closed higher on Thursday for the third straight session, supported by strength in rival edible oils. However, gains were limited by rising production estimates and a firmer ringgit.


CBOT soyoil active traded contract rose 0.48 points to closed higher at 56.34 on previous session. Dalian’s active palm oil contract dropped 6 points to close slightly lower at 9016 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 remains within this channel and recently touched a high of 4374 before pulling back. The overall trend remains positive; however, a technical correction appears likely. Immediate support is seen at the 4285–4280 range—if this level holds, fresh buying interest may emerge. Should it fail, the price could correct further toward the 4265–4260 zone. On the upside, resistance is observed at 4350–4355. A break above this level could open the path for further gains toward the 4400 mark. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4310 and 4332, respectively.

(News Source: Reuters)

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Market Mover
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EUR 4.921000 4.929487
CNY 0.591903 0.592919
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