FCPO
FCPO 3rd Month Futures - 15 Aug 2025
Fri, 15-Aug-2025 09:48 am
by Dealing Team • Apex Futures

FCPO
Pivot
4413
Resistance
4413 / 4434 / 4455 / 4477
Support
4389 / 4366 / 4340 / 4316
Possible Range
4350 to 4450
Strategy
Long positions may be opened above 4413 with targets at 4434/4455 stop-loss at 4393
Short positions may be opened below 4413 with targets at 4389/4466 stop-loss at 4433

FCPO Oct month dropped 32 points or 0.72% to closed lower at 4403. Malaysian palm oil futures ended lower on Thursday, breaking a four-session winning streak, as investors took profits. Sentiment was also weighed down by reports that a leading Indonesian industry group is lobbying the government to postpone the implementation of the B50 biofuel mandate.

CBOT soyoil active traded contract dropped 1.31 points to closed lower at 52.13 on previous session. Dalian’s active palm oil contract dropped 64 points to close lower at 9386 on previous night session.

The actively traded FCPO contract retraced in the previous session; however, overall movement remains supported as prices stay within an upward channel. On the hourly chart, the bias points to the downside, suggesting the potential for further technical correction. Immediate support is seen at 4365–4370. If prices hold at this range, buying interest may emerge, but a break below could trigger a deeper correction toward 4340–4330. On the upside, immediate resistance is located at 4430–4435, and a break above this level could shift palm oil prices toward further gains. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4389 and 4413, 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