FCPO
FCPO 3rd Month Futures - 29 Jul 2025
Tue, 29-Jul-2025 09:11 am
by Dealing Team • Apex Futures

FCPO
Pivot
4245
Resistance
4245 / 4270 / 4295 / 4321
Support
4222 / 4201 / 4177 / 4154
Possible Range
4200 to 4300
Strategy
Long positions may be opened above 4245 with targets at 4270/4295 stop-loss at 4225
Short positions may be opened below 4245 with targets at 4222/4201 stop-loss at 4265

FCPO Oct month dropped 31 points or 0.73% to closed lower at 4242. Malaysian palm oil futures fell for a second consecutive session on Monday, pressured by weakness in rival edible oils and concerns over increasing production and inventory levels.

CBOT soyoil active traded contract rose 0.01 point to closed almost flat at 55.99 on previous session. Dalian’s active palm oil contract rose 8 points to close slightly higher at 8924 on previous night session.

The actively traded FCPO contract remains within an upward channel on the daily chart; however, price action is showing a downside bias, with further correction likely if the immediate support at 4220–4210 fails to hold.

On the hourly chart, the market is consolidating sideways within a range of 4280–4285 (also serving as immediate resistance) at the top and 4220–4210 at the bottom. A breakout on either side could determine the next direction. We maintain our sell-on-rebound strategy, with another key support level identified at 4200–4195 should further downside occur. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4222 and 4245, 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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