FCPO
FCPO 3rd Month Futures - 5 April 2024
Fri, 05-Apr-2024 08:50 am
by Futures Dealing • Apex Futures

FCPO
Pivot
4400
Resistance
4416 / 4431 / 4446 / 4461
Support
4370 / 4355 / 4339 / 4309
Possible Range
4300 to 4450
Strategy
Long positions may be opened above 4400 with targets at 4416/4431 stop-loss at 4370
Short positions may be opened below 4400 with targets at 4339/4309 stop-loss at 4430

FCPO Jun month fell 7 points or 0.16% to 4400 closed lower. Malaysian palm oil futures slipped on Thursday, snapping four session of gains amid profit taking, while market participants awaited monthly endstock data.

Overnight Soybean oil May Month fell 0.70 to 48.15. Soybean Futures ended lower.

Following the berish performance of soybean oil, the FCPO could trade lower. A break below 4370 (yesterday's low) would target 4355/4339 en route to 4309. On the flip side, the next resistance is located at 4400 (Pivot), followed by 4416 (R1), and finally 4431 (Yesterday’s high).

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.205278 4.237675
EUR 4.930003 4.933950
CNY 0.592227 0.592702
HKD 0.540051 0.543728
SGD 3.273475 3.295837