FCPO
FCPO 3rd Month Futures - 28 Jul 2025
Mon, 28-Jul-2025 09:11 am
by Dealing Team • Apex Futures

FCPO
Pivot
4278
Resistance
4278 / 4300 / 4322 / 4346
Support
4254 / 4229 / 4208 / 4186
Possible Range
4210 to 4310
Strategy
Long positions may be opened above 4278 with targets at 4300/4322 stop-loss at 4258
Short positions may be opened below 4278 with targets at 4254/4229 stop-loss at 4298

FCPO Oct month dropped 57 points or 1.32% to closed lower at 4330. Malaysian palm oil futures closed over 1% lower on Friday, halting a three-week winning streak, as profit-taking and worries over increasing production coupled with weak demand pressured prices.

CBOT soyoil active traded contract dropped 0.36 points to closed lower at 55.98 on previous session. Dalian’s active palm oil contract dropped 62 points to close lower at 8922 on previous night session.

The actively traded FCPO contract continues to trend within an upward channel on the daily chart. The price recently tested the resistance level at 4,374 before pulling back, with Friday’s session closing in a bearish candlestick pattern—following a spinning top on Thursday near the resistance zone—indicating a potential continuation of the bearish move.

On the hourly chart, the previous session showed a sharp sell-down, with some technical buying emerging in the final minutes. Immediate resistance is seen at the 4,280–4,285 range. A breakout above this level may lead the price higher toward the 4,322 regions. However, if this resistance fails to break, selling on rebound may resume. Key support lies at the 4,220–4,210 range, which needs to hold to prevent further downside. 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
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.210254 4.242741
EUR 4.922914 4.926925
CNY 0.588136 0.588587
HKD 0.539054 0.542697
SGD 3.272648 3.294890