FCPO
FCPO 3rd Month Futures - 18 Sep 2025
Thu, 18-Sep-2025 10:04 am
by Dealing Team • Apex Futures

FCPO
Pivot
4506
Resistance
4480 / 4500 / 4520 / 4550
Support
4450 / 4430 / 4400 / 4375
Possible Range
4430 to 4500
Strategy
Long positions may be opened above 4500 with targets at 4550/4600 stop-loss at 4470
Short positions may be opened below 4480 with targets at 4450/4430 stop-loss at 4505

FCPO Dec month remained flat or 0.08% to closed at 4474. Malaysian
palm oil futures were less friendly on the upside in the previous session
after wiping off the morning gains. Sentiment was furthered pressured
by a stronger ringgit and weak rival oils.
CBOT soyoil active traded contract dropped 1.42 point to closed lower
at 51.78 on previous session. Dalian’s active palm oil contract dropped
106 points to closed higher at 9388 on previous night session.
The actively traded FCPO contract was left distraught when the
anticipated bullish sentiment followed by the gap up was immediately
wiped off with selling pressures throughout the whole day, tracking
weak rival oil movement. From the technical perspective, the market
reverted from a potential break up action back to its consolidation
phase again with the range of 4540 – 4430 level. However, zooming
into the hourly chart, 4500 becomes a key level to determine the
buyer’s or seller’s strength. In other words, trading below 4500 may
continue to pressure market lower, potentially target at 4400, while a
break above 4500 will create a surge of bullish sentiment to retest the
4550 and target 4600. Beware of any potential sentiment changes. The
immediate support and resistance levels are pinpointed at 4450 and
4500, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
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