FCPO
FCPO 3rd Month Futures - 31 Jul 2025
Thu, 31-Jul-2025 09:21 am
by Dealing Team • Apex Futures

FCPO
Pivot
4278
Resistance
4278 / 4298 / 4320 / 4346
Support
4254 / 4233 / 4208 / 4183
Possible Range
4220 to 4320
Strategy
Long positions may be opened above 4278 with targets at 4298/4320 stop-loss at 4258
Short positions may be opened below 4278 with targets at 4254/4233 stop-loss at 4298

FCPO Oct month rose 24 points or 0.56% to closed higher at 4278. Malaysian palm oil futures edged higher on Wednesday for a second consecutive session, lifted by strength in rival Dalian oils and a weaker ringgit, which enhanced the commodity’s appeal in major export markets.

CBOT soyoil active traded contract dropped 0.67 point to closed lower at 56.11 on previous session. Dalian’s active palm oil contract dropped 42 points to close lower at 8930 on previous night session.

The actively traded FCPO contract continues to move within an upward channel on the daily chart, with prices currently hovering around the channel’s support zone at 4245–4255. On the hourly chart, the market remains in sideways consolidation within a broad range, with 4350–4355 forming the upper boundary and 4200–4195 the lower boundary. In the previous session, the price failed to hold the mid-range of 4285–4290, shifting momentum toward a downward bias. Immediate support is now seen at 4240–4245, with a lower support level at 4235–4230, which is crucial to sustain the strong buying momentum observed since July 29. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4254 and 4278, 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