FCPO
FCPO 3rd Month Futures (PM) - 15 April 2024
Mon, 15-Apr-2024 01:40 pm
by Futures Dealing • Apex Futures

FCPO
Pivot
4266
Resistance
4289 / 4295 / 4300 / 4317
Support
4255 / 4232 / 4215 / 4198
Possible Range
4200 to 4350
Strategy
Long positions may be opened above 4270 with targets at 4289/4317 stop-loss at 4240
Short positions may be opened below 4270 with targets at 4255/4232 stop-loss at 4300

FCPO Jun month fell 5 points or 0.12% to 4277 closed lower at midday. Malaysian palm oil futures eased in early trading on Monday, as traders awaited key supply and demand data due later in the day.

Malaysia's palm oil stocks at the end of March fell 10.68 per cent from the previous month to 1.71 million metric tons, data from the industry regulator showed on Monday.

Crude palm oil production gained 10.57 per cent from February to 1.39 million tons, while palm oil exports ticked up 28.61 per cent to 1.32 million tons, said the Malaysian Palm Oil Board (MPOB).

A Reuters survey forecast March inventories at 1.79 million tons, a 6.65 per cent decline from the previous month, with output at 1.38 million tons and exports at 1.23 million tons. - Reuters

(News Source: Reuters)

(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 4.143353 4.175289
EUR 4.627335 4.635403
CNY 0.591281 0.591775
HKD 0.532272 0.535891
SGD 3.214986 3.240064