FCPO
FCPO 3rd Month Futures - 19 Dec 2025
Fri, 19-Dec-2025 09:55 am
by Dealing Team • Apex Futures

FCPO
Pivot
3983
Resistance
3983 / 4005 / 4026 / 4050
Support
3965 / 3945 / 3923 / 3902
Possible Range
3950 to 4050
Strategy
Long positions may be opened above 3983 with targets at 4005/4026 stop-loss at 3963
Short positions may be opened below 3983 with targets at 3965/3945 stop-loss at 4003

FCPO Mar month rose 14 points or 0.35% to close at 3980. Malaysian palm oil futures climbed for a second consecutive session on Thursday, supported by bargain buying and improved price competitiveness against soyoil.

CBOT soyoil active traded contract dropped 0.41 point to close at 48.11 on previous session. Dalian’s active palm oil contract rose 2 points to close at 8406 on previous night session.

The active FCPO contract closed slightly higher in the last session after the dragonfly doji pattern. This candlestick pattern suggests market indecision and a potential pause in the recent downtrend, hinting at a possible bullish reversal or temporary consolidation. On a shorter timeframe analysis, the price is attempting to establish an upward channel movement, marked by the formation of the first higher low after the recent selling pressure. This indicates an emerging positive bias in the near term. 

The key resistance area is identified between RM4,000 and RM4,005. A sustained break and hold above this immediate resistance level could target the next objective at RM4,026, with potential further upside limited to around RM4,050. Failure to breach and remain above the immediate resistance could see the price retreat and trade lower, challenging recent support levels. Immediate support and resistant levels are identified at 3965 and 3983 respectively. Beware of any potential sentiment changes. 

(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