FCPO
FCPO 3rd Month Futures - 14 Aug 2025
Thu, 14-Aug-2025 09:31 am
by Dealing Team • Apex Futures

FCPO
Pivot
4434
Resistance
4455 / 4477 / 4502 / 4528
Support
4434 / 4410 / 4385 / 4360
Possible Range
4380 to 4480
Strategy
Long positions may be opened above 4455 with targets at 4477/4502 stop-loss at 4435
Short positions may be opened below 4455 with targets at 4434/4410 stop-loss at 4475

FCPO Oct month rose 33 points or 0.75% to closed higher at 4435. Malaysian palm oil futures rose for a fourth consecutive session on Wednesday, supported by strength in the Dalian market after China announced plans to impose anti-dumping duties on canola imports from Canada.

CBOT soyoil active traded contract rose 0.30 points to closed higher at 53.44 on previous session. Dalian’s active palm oil contract rose 20 points to close higher at 9486 on previous night session.

The actively traded FCPO contract continued its upward movement, staying within the rising channel on the daily chart. On the hourly chart, prices pulled back below 4455–4450 after reaching a recent high of 4474, maintaining a sideways consolidation pattern with resistance at the 4450–4455 range and immediate support at 4380–4385. Sideways trading is expected to persist with a slight downside bias in the near term. If immediate support at 4430–4435 fails to hold, prices could decline toward the 4410–4400 range. Conversely, a break above 4450–4455 may open the path toward the previous high of 4474 or even the upper range near 4500. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4434 and 4455, respectively.

(News Source: Reuters)

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Market Mover
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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