FCPO
FCPO 3rd Month Futures - 21 Aug 2025
Thu, 21-Aug-2025 09:25 am
by Dealing Team • Apex Futures

FCPO
Pivot
4494
Resistance
4537 / 4560 / 4586 / 4612
Support
4515 / 4494 / 4472 / 4450
Possible Range
4460 to 4560
Strategy
Long positions may be opened above 4515 with targets at 4537/4560 stop-loss at 4495
Short positions may be opened below 4515 with targets at 4494/4472 stop-loss at 4535

FCPO Nov month dropped 23 points or 0.51% to closed lower at 4498. Malaysian palm oil futures declined for a second consecutive session on Wednesday, pressured by profit-taking and weakness in rival edible oils, though strong export figures for August 1–20 helped curb deeper losses.

CBOT soyoil active traded contract dropped 0.36 points to closed lower at 51.45 on previous session. Dalian’s active palm oil contract rose 42 points to close higher at 9560 on previous night session.

The actively traded FCPO contract lost momentum after hitting a new high of 4614. On the daily chart, prices remain within an upward channel but are now trading below the channel’s resistance line at 4550–4560, signaling the possibility of continued technical correction or sideways consolidation. On the hourly chart, lower highs have formed, suggesting a pause in the upward trend. Immediate resistance is seen at the 4560 level, which may act as a potential selling point on rebounds. However, a decisive break above this resistance could shift direction toward further upside. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4515 and 4537, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.216494 4.249912
EUR 4.923595 4.928588
CNY 0.592163 0.592763
HKD 0.540426 0.544215
SGD 3.273679 3.296901