FCPO
FCPO 3rd Month Futures - 8 Aug 2025
Fri, 08-Aug-2025 09:19 am
by Dealing Team • Apex Futures

FCPO
Pivot
4248
Resistance
4303 / 4326 / 4352 / 4374
Support
4277 / 4253 / 4228 / 4205
Possible Range
4250 to 4350
Strategy
Long positions may be opened above 4277 with targets at 4303/4326 stop-loss at 4257
Short positions may be opened below 4277 with targets at 4253/4228 stop-loss at 4297

FCPO Oct month dropped 27 points or 0.63% to closed lower at 4240. Malaysian palm oil futures fell for a second straight session on Thursday, dragged down by worries over increasing inventories and production, along with sluggish export demand weighing on the market.

CBOT soyoil active traded contract dropped 0.20 points to closed lower at 53.42 on previous session. Dalian’s active palm oil contract rose 24 points to close higher at 9012 on previous night session.

In the previous session, the actively traded FCPO contract ended almost unchanged. We maintain our view that the recent strong buying momentum remains intact, with prices staying supported above the 4,230–4,235 range, favoring an upside bias. Therefore, a buy-on-retracement strategy is recommended. On the shorter time frame, we observe a triple-bottom formation within the 4,225–4,235 range, followed by an upward move. The new immediate support is now at 4,250–4,255. On the upside, the immediate resistance is seen at 4,300–4,305. A breakout above this level could drive prices higher, while failure to break may result in sideways movement above the immediate support. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4277 and 4303, respectively.

(News Source: Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

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