FCPO
FCPO 3rd Month Futures - 24 Sep 2025
Wed, 24-Sep-2025 09:44 am
by Dealing Team • Apex Futures

FCPO
Pivot
4344
Resistance
4365 / 4390 / 4416 / 4441
Support
4344 / 4319 / 4296 / 4269
Possible Range
4300 to 4400
Strategy
Long positions may be opened above 4365 with targets at 4390/4416 stop-loss at 4340
Short positions may be opened below 4365 with targets at 4344/4319 stop-loss at 4390

FCPO Dec month dropped 100 points or 2.25% to closed sharply lower at 4343. Malaysian palm oil futures declined more than 2% on Tuesday, hitting their lowest since August 8, after top soyoil exporter Argentina temporarily scrapped its export tax, making soyoil cheaper than palm oil.

CBOT soyoil active traded contract rose 0.19 point to closed higher at 49.88 on previous session. Dalian’s active palm oil contract dropped 8 points to closed lower at 9078 on previous night session.

The actively traded FCPO contract touched a low of 4,269 in the previous session before staging a technical rebound. On the daily chart, prices remain within a downward channel, with key support seen around the 4,300–4,295 range. A break below this level could trigger further downside, though we anticipate temporary support holding in this area.

On the hourly chart, buying momentum is still observed. Immediate resistance is located at 4,385–4,390, which could serve as a potential selling zone in line with the recent bearish momentum. A successful break above this resistance may open the way for further upside toward 4,416. However, if the price fails to clear this level, renewed selling pressure could emerge. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4344 and 4365, 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