FCPO
FCPO 3rd Month Futures - 6 Aug 2025
Wed, 06-Aug-2025 09:06 am
by Dealing Team • Apex Futures

FCPO
Pivot
4256
Resistance
4298 / 4319 / 4345 / 4370
Support
4273 / 4247 / 4222 / 4200
Possible Range
4240 to 4340
Strategy
Long positions may be opened above 4273 with targets at 4298/4319 stop-loss at 4253
Short positions may be opened below 4273 with targets at 4247/4222 stop-loss at 4293

FCPO Oct month jumped 103 points or 2.46% to closed higher at 4290. Malaysian palm oil futures ended lower on Monday, pressured by concerns over increasing stock and output levels, alongside weakness in Dalian edible oils.

CBOT soyoil active traded contract dropped 0.60 points to closed lower at 53.42 on previous session. Dalian’s active palm oil contract rose 50 points to close higher at 8996 on previous night session.

In the previous session, the actively traded FCPO contract tracked the positive sentiment from rival oil markets, trending higher as the price recovered to stand above the upward channel support at 4230–4235 and moved toward the 4300–4305 range. This shift has turned sentiment to an upward bias. On the hourly chart, the market remains in a wide sideways consolidation, with the lower boundary at 4155–4160. The crucial support to sustain the uptrend is at 4245–4250. A buy-on-retracement strategy is recommended, with potential upside toward 4273–4298. However, if this crucial support fails to hold, further selling pressure may emerge. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4273 and 4298, 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