FCPO
FCPO 3rd Month Futures - 29 Aug 2025
Fri, 29-Aug-2025 09:30 am
by Dealing Team • Apex Futures

FCPO
Pivot
4457
Resistance
4430 / 4454 / 4479 / 4501
Support
4403 / 4378 / 4353 / 4328
Possible Range
4375 to 4475
Strategy
Long positions may be opened above 4430 with targets at 4454/4479 stop-loss at 4410
Short positions may be opened below 4430 with targets at 4403/4378 stop-loss at 4450

FCPO Nov month dropped 39 points or 0.87% to closed lower at 4449. Malaysian palm oil futures declined on Thursday, weighed down by weaker soyoil prices, while attention also turned to the potential trade talks between the United States and China.

CBOT soyoil active traded contract dropped 0.72 points to closed lower at 52.43 on previous session. Dalian’s active palm oil contract dropped 122 to closed lower at 9354 on previous night session.

The actively traded FCPO contract continues to trend within an wide range of upward channel on the daily chart, though current price action is leaning toward a downside bias amid a corrective phase. A new resistance zone is observed at 4450–4445, which also serves as a crucial support area to sustain any upward momentum, as it marks the lower boundary of the previous sideways consolidation on the hourly chart. A break below this range could open further downside potential, with targets seen at 4400–4405. If this level fails to hold, the decline may extend toward 4380–4375. Conversely, if the 4400–4405 support range holds, some technical buying may emerge, though the upside remains limited. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4403 and 4430, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.202015 4.235318
EUR 4.910409 4.915416
CNY 0.591633 0.592086
HKD 0.539313 0.543090
SGD 3.271821 3.294958