FCPO
FCPO 3rd Month Futures - 13 Aug 2025
Wed, 13-Aug-2025 09:34 am
by Dealing Team • Apex Futures

FCPO
Pivot
4410
Resistance
4431 / 4452 / 4477 / 4502
Support
4410 / 4385 / 4360 / 4339
Possible Range
4380 to 4480
Strategy
Long positions may be opened above 4431 with targets at 4452/4477 stop-loss at 4411
Short positions may be opened below 4431 with targets at 4410/4385 stop-loss at 4451

FCPO Oct month rose 18 points or 0.41% to closed higher at 4402. Malaysian palm oil futures extended gains for a third consecutive session on Tuesday, supported by stronger edible oil prices on the Dalian exchange.

CBOT soyoil active traded contract rose 0.14 points to closed higher at 53.14 on previous session. Dalian’s active palm oil contract rose 142 points to close higher at 9476 on previous night session.

The actively traded FCPO contract continued to trade higher, remaining within the upward channel on the daily chart. On the hourly chart, prices pulled back after touching a high of 4460, forming a sideways consolidation pattern with resistance at the 4450–4455 range and immediate support at 4380–4385. Sideways movement is expected to persist, with a slightly downside bias in the near term, potentially testing the 4410 level or even the lower support at 4385. However, if the immediate resistance at 4450–4455 is breached, prices could extend higher towards 4477, with the highest target around 4502. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4410 and 4431, respectively.

(News Source: Reuters)

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