FCPO
CPO 3rd Month Futures - 1 Aug 2025
Fri, 01-Aug-2025 10:38 am
by Dealing Team • Apex Futures

FCPO
Pivot
4242
Resistance
4226 / 4252 / 4277 / 4298
Support
4204 / 4178 / 4153 / 4131
Possible Range
4130 to 4230
Strategy
Long positions may be opened above 4204 with targets at 4226/4552 stop-loss at 4184
Short positions may be opened below 4204 with targets at 4178/4153 stop-loss at 4224

FCPO Oct month dropped 48 points or 1.12% to closed lower at 4230. Malaysian palm oil futures fell on Thursday, ending a two-day winning streak, as weakness in rival edible oils weighed on sentiment, while worries over rising production and sluggish export demand added to the pressure on prices.

 

CBOT soyoil active traded contract plunged 1.37 points to closed lower at 54.74 on previous session. Dalian’s active palm oil contract dropped 44 points to close lower at 8868 on previous night session.

 

The actively traded FCPO contract remains within an upward channel on the daily chart but has broken below the previous support at 4230–4235, extending its move lower. The next key support zone in the broader view lies at 4200–4195. On the hourly chart, the market is testing the lower boundary of this sideways range at 4200–4195. A break below this level could trigger stronger selling pressure, potentially driving prices toward 4178 or even as low as 4153. On the upside, immediate resistance is seen at 4230–4235. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4204 and 4226, 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