FCPO
FCPO 3rd Month Futures - 23 Sep 2025
Tue, 23-Sep-2025 09:42 am
by Dealing Team • Apex Futures

FCPO
Pivot
4383
Resistance
4391 / 4416 / 4439 / 4464
Support
4364 / 4339 / 4315 / 4290
Possible Range
4310 to 4410
Strategy
Long positions may be opened above 4364 with targets at 4391/4416 stop-loss at 4339
Short positions may be opened below 4364 with targets at 4339/4315 stop-loss at 4389

FCPO Dec month rose 18 points or 0.41% to closed slightly higher at 4443. Malaysian palm oil futures snapped two consecutive sessions of declines on Monday, as stronger Chicago soyoil and Dalian palm olein supported the market on encouraging export figures.

CBOT soyoil active traded contract dropped 0.93 point to closed lower at 49.69 on previous session. Dalian’s active palm oil contract dropped 174 points to closed lower at 9152 on previous night session.

The actively traded FCPO contract opened with a gap down in the previous night session, tracking bearish sentiment from rival oil markets. Prices failed to hold the bottom of the sideways range at 4375–4380 and traded lower. We maintain our plan to sell on rebounds, with potential downside targets at 4339 and possibly as low as 4315. Any rebound could see resistance near the 4400 level, which may provide a selling opportunity. However, a decisive break above 4400 could signal a shift in trend direction. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4364 and 4391, 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