FCPO
FCPO 3rd Month Futures - 30 Jul 2025
Wed, 30-Jul-2025 09:21 am
by Dealing Team • Apex Futures

FCPO
Pivot
4242
Resistance
4289 / 4310 / 4332 / 4353
Support
4266 / 4242 / 4219 / 4195
Possible Range
4240 to 4340
Strategy
Long positions may be opened above 4289 with targets at 4310/4332 stop-loss at 4269
Short positions may be opened below 4289 with targets at 4266/4242 stop-loss at 4309

FCPO Oct month rose 12 points or 0.28% to closed slightly higher at 4254. Malaysian palm oil futures ended higher on Tuesday, breaking a two-session losing streak, as bargain hunting and short-covering helped lift the market.

CBOT soyoil active traded contract rose 0.79 point to closed higher at 56.78 on previous session. Dalian’s active palm oil contract rose 64 points to close higher at 8990 on previous night session.

The actively traded FCPO contract remains within an upward channel on the daily chart. In yesterday’s session, the price tested the crucial support zone of 4200–4195, touching a low of 4195 before recovering. On the hourly chart, the market continues to consolidate sideways within a broad range, with 4350–4355 as the upper boundary and 4200–4195 as the lower boundary. Currently, prices are hovering around the mid-range of 4285–4290, suggesting a higher likelihood of continuing the uptrend. Holding at this level could see prices move toward 4310, and potentially test the 4332 level.

However, if the range fails to hold, selling pressure may emerge, though the downside is expected to be limited. The new immediate support zone is seen at 4240–4245. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4266 and 4289, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.212042 4.248408
EUR 4.921000 4.929487
CNY 0.591903 0.592919
HKD 0.540309 0.544492
SGD 3.268153 3.293573