FCPO
FCPO 3rd Month Futures - 12 Aug 2025
Tue, 12-Aug-2025 09:28 am
by Dealing Team • Apex Futures

FCPO
Pivot
4340
Resistance
4387 / 4414 / 4437 / 4460
Support
4364 / 4340 / 428 / 4305
Possible Range
4320 to 4420
Strategy
Long positions may be opened above 4364 with targets at 4387/4414 stop-loss at 4344
Short positions may be opened below 4364 with targets at 4340/4328 stop-loss at 4384

FCPO Oct month surged 129 points or 3.03% to closed higher at 4384. Malaysian palm oil futures surged over 3% on Monday, marking their highest close since April 3, following the release of supply data from the Malaysian Palm Oil Board (MPOB) and export estimates from cargo surveyors.

CBOT soyoil active traded contract rose 0.47 points to closed higher at 53.00 on previous session. Dalian’s active palm oil contract rose 158 points to close higher at 9236 on previous night session.

The actively traded FCPO contract rallied in the previous session, supported by the positive performance of rival oils. Prices broke above the resistance zone of 4,330–4,335 and are likely to maintain their upward momentum, hence we maintain a buy-on-retracement view. In the shorter time frame, some profit-taking activities may emerge, with immediate support identified at 4,350–4,345. If prices hold at this range, it may present a buying opportunity, with the next key resistance seen at 4,410–4,415. However, if the 4,350–4,345 support fails to hold, further technical correction towards 4,325–4,330 could be expected. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4364 and 4387, 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