FCPO
FCPO 3rd Month Futures - 20 Aug 2025
Wed, 20-Aug-2025 08:53 am
by Dealing Team • Apex Futures

FCPO
Pivot
4547
Resistance
4530 / 4570 / 4600 / 4610
Support
4500 / 4480 / 4420 / 4386
Possible Range
4480 to 4580
Strategy
Long positions may be opened above 4540 with targets at 4573/4597 stop-loss at 4498
Short positions may be opened below 4540 with targets at 4510/4480 stop-loss at 4572

FCPO Nov month dropped 38 points or 0.83% to closed lower at 4521. Malaysian palm oil futures closed lower on Tuesday, retreating from a five-month high earlier in the session, as traders took profits amid weakness in rival edible oils and crude oil.

CBOT soyoil active traded contract dropped 1.51 points to closed lower at 51.81 on previous session. Dalian’s active palm oil contract dropped 174 points to close lower at 9486 on previous night session.

The actively traded FCPO contract loses its momentum after breaking new high of 4614. On the daily chart, a bearish shooting star has formed at its resistant zone of the trend. This is may indicate a toppish signal. However, as the uptrend is still intact, support levels are near to be seen around 4500 – 4480. Hovering around this level will allow market to be consolidated, ranging from 4480 – 4570. In case of breaking below 4480, we may expect a stronger correction to take place targeting 4420 for support. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4500 and 4550, 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