FCPO
FCPO 3rd Month Futures - 7 Aug 2025
Thu, 07-Aug-2025 09:13 am
by Dealing Team • Apex Futures

FCPO
Pivot
4263
Resistance
4267 / 4292 / 4315 / 4340
Support
4244 / 4221 / 4198 / 4173
Possible Range
4230 to 4330
Strategy
Long positions may be opened above 4267 with targets at 4292/4315 stop-loss at 4247
Short positions may be opened below 4267 with targets at 4244/4221 stop-loss at 4297

FCPO Oct month dropped 23 points or 0.54% to closed lower at 4267. Malaysian palm oil futures declined on Wednesday, weighed down by sluggish demand from key markets, though gains in Dalian soyoil helped limit the losses.

CBOT soyoil active traded contract rose 0.20 points to closed higher at 53.62 on previous session. Dalian’s active palm oil contract rose 26 points to close higher at 9006 on previous night session.

In the previous session, the actively traded FCPO contract closed with little change. We maintain our view that the recent strong buying momentum remains intact, with prices overall supported above the 4230–4235 range, favoring an upside bias. Hence, a buy-on-retracement strategy is recommended. On the shorter time frame, a technical correction may persist but with limited downside, as crucial support remains at 4230–4235. On the upside, resistance is seen at 4265–4270. A breakout above this range could push prices higher toward 4292 or even 4315. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4244 and 4267, 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