FCPO
FCPO 3rd Month Futures - 6 December 2023
Mon, 11-Dec-2023 09:31 am
by Dealing Team • Apex Futures

FCPO
Pivot
3793
Resistance
3811 / 3828 / 3852 / 3875
Support
3770 / 3746 / 3729 / 3711
Possible Range
3700 to 4000
Strategy
Long positions may be opened above 3820 with targets at 3828/3852 stop-loss at 3800
Short positions may be opened below 3790 with targets at 3770/3746 stop-loss at 3810

Following the bearish performance of soybean oil and dalian oil, the FCPO could trade lower. A break below 3758 (yesterday's low) would target 3746/3729 en route to 3711. On the flip side, the next resistance is located at 3793 (Pivot), followed by 3811 (R1), and finally 3840 (Yesterday’s high).

(News Source: Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.226942 4.260444
EUR 4.723982 4.728876
CNY 0.598324 0.598990
HKD 0.542537 0.546362
SGD 3.269503 3.292710