FCPO
FCPO 3rd Month Futures - 19 Aug 2025
Tue, 19-Aug-2025 09:45 am
by Dealing Team • Apex Futures

FCPO
Pivot
4556
Resistance
4548 / 4573 / 4597 / 4621
Support
4524 / 4502 / 4481 / 4456
Possible Range
4480 to 4580
Strategy
Long positions may be opened above 4548 with targets at 4573/4597 stop-loss at 4528
Short positions may be opened below 4548 with targets at 4524/4502 stop-loss at 4568

FCPO Nov month rose 51 points or 1.14% to closed higher at 4523. Malaysian palm oil futures rose for a second consecutive session on Monday, lifted by strong export demand and firmer palm olein prices.

CBOT soyoil active traded contract rose 0.09 points to closed slightly higher at 53.32 on previous session. Dalian’s active palm oil contract rose 14 points to close slightly higher at 9620 on previous night session.

The actively traded FCPO contract remains in an upward trend, with immediate resistance at the previous highs of 4570–4575. On the daily chart, a doji has formed near this resistance zone, signaling a key area that could potentially trigger a reversal. However, overall sentiment remains positive, suggesting that downside risks may be limited. On the shorter time frame, prices are moving within a sideways consolidation, with the top range at 4570–4575 and the lower range at 4530–4525. Within this range, immediate support is seen at 4550–4545. A break below this level could lead to further correction toward the bottom of the range, or even as low as 4502. If support holds, prices may rebound toward the upper range once again. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4524 and 4548, respectively.

(News Source: Reuters)

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