FCPO
FCPO 3rd Month Futures - 26 Aug 2025
Tue, 26-Aug-2025 09:23 am
by Dealing Team • Apex Futures

FCPO
Pivot
4512
Resistance
4512 / 4537 / 4563 / 4587
Support
4484 / 4458 / 4437 / 4414
Possible Range
4420 to 4520
Strategy
Long positions may be opened above 4484 with targets at 4512/4537 stop-loss at 4464
Short positions may be opened below 4484 with targets at 4458/4437 stop-loss at 4504

FCPO Nov month dropped 37 points or 0.82% to closed lower at 4492. Malaysian palm oil futures eased on Monday, pressured by worries that recent high prices could curb future demand.

CBOT soyoil active traded contract dropped 0.45 points to closed lower at 54.87 on previous session. Dalian’s active palm oil contract dropped 72 points to close lower at 9542 on previous night session.

The actively traded FCPO contract remains within an upward channel on the daily chart, with a key resistance zone at 4555–4560. This level could either trigger renewed selling pressure or signal a breakout to higher levels. On the hourly chart, prices recently spiked to 4568 before reversing with strong selling momentum. 

We maintain a sell-on-rebound approach, as the contract is consolidating within a sideways range between 4550 (top) and 4445 (bottom), with a downside bias. Immediate support lies at 4475–4480; a break below this could push prices lower toward 4458 or even 4440. If support holds, a limited rebound may occur, with upside potential capped around 4512. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4484 and 4512, 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