FCPO
FCPO 3rd Month Futures - 17 Sep 2025
Wed, 17-Sep-2025 09:40 am
by Dealing Team • Apex Futures

FCPO
Pivot
4476
Resistance
4498 / 4520 / 4547 / 4571
Support
4476 / 4448 / 4425 / 4400
Possible Range
4450 to 4580
Strategy
Long positions may be opened above 4498 with targets at 4520/4547 stop-loss at 4478
Short positions may be opened below 4498 with targets at 4476/4448 stop-loss at 4518

FCPO Dec month dropped 11 points or 0.25% to closed moderately lower at 4470 on last Friday. Malaysian palm oil futures declined on Friday, registering a slight weekly loss as traders locked in profits ahead of the long holiday weekend. Sentiment was further pressured by a stronger ringgit and sluggish demand.

CBOT soyoil active traded contract rose 0.94 point to closed higher at 53.20 on previous session. Dalian’s active palm oil contract rose 40 points to closed higher at 9524 on previous night session.

The actively traded FKLI contract rolls into the December month starting today, and we may see a potential gap-up at the open, tracking consecutive gains in rival oil markets. From a technical perspective, FCPO prices continue to trade within a broad uptrend on the daily chart, with strong support seen at the 4,380–4,375 range, forming a double-bottom pattern. On the hourly chart, the formation of higher lows suggests the potential for further upward movement. Key resistance is located at the 4,500–4,495 range. A breakout and sustained move above this level could propel prices toward 4,520, with further upside potential toward 4,547. However, failure to breach this resistance may trigger selling pressure, albeit with limited downside risk. Immediate support is seen at 4,450–4,445, which is crucial to sustaining the recent bullish momentum.  Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4476 and 4498, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
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USD 4.071594 4.103148
EUR 4.788661 4.792351
CNY 0.580700 0.581157
HKD 0.523467 0.527018
SGD 3.153405 3.174965