FCPO
FCPO 3rd Month Futures - 28 Aug 2025
Thu, 28-Aug-2025 09:36 am
by Dealing Team • Apex Futures

FCPO
Pivot
4483
Resistance
4476 / 4500 / 4523 / 4544
Support
4449 / 4425 / 4398 / 4375
Possible Range
4400 to 4500
Strategy
Long positions may be opened above 4476 with targets at 4500/4523 stop-loss at 4456
Short positions may be opened below 4449 with targets at 4449/4425 stop-loss at 4496

FCPO Nov month rose 18 points or 0.40% to closed higher at 4488. Malaysian palm oil futures edged higher on Wednesday, rebounding after two consecutive sessions of losses, supported by news that the U.S. has exempted Indonesian palm oil from a 19% import tariff. However, sluggish demand from markets outside China limited the upside.

CBOT soyoil active traded contract dropped 0.33 points to closed lower at 53.15 on previous session. Dalian’s active palm oil contract closed flat at 9518 on previous night session.

The actively traded FCPO contract remains within an upward channel on the daily chart, though current price action is tilting toward a downside bias amid a corrective move. The resistance zone is still observed at 4475–4485. On the hourly chart, the contract continues to consolidate within a sideways range between 4550 (top) and 4445 (bottom), with a sell-on-rebound approach remaining the preferred strategy. A decisive break below the 4445–4450 support area could potentially push prices lower toward 4425 and, in an extended move, to the 4400 level. On the upside, if prices manage to break above 4500, this could signal a shift in momentum toward retesting the upper boundary of the sideways range.  Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4449 and 4476, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.213466 4.244897
EUR 4.946298 4.953651
CNY 0.592866 0.593738
HKD 0.540491 0.544550
SGD 3.282193 3.306905