FCPO
FCPO 3rd Month Futures (PM) - 25 April 2024
Thu, 25-Apr-2024 02:02 pm
by Futures Dealing • Apex Futures

FCPO
Pivot
3870
Resistance
3890 / 3938 / 3982 / 4025
Support
3834 / 3790 / 3760 / 3729
Possible Range
3770 to 4000
Strategy
Long positions may be opened above 3860 with targets at 3890/3938 stop-loss at 3935
Short positions may be opened below 3860 with targets at 3834/3790 stop-loss at 3875

FCPO Jul month dipped 92 points or 2.33% to 3850 at midday. Malaysian palm oil futures experienced a decline of over 1% on Thursday, influenced by the downward trend in soyoil and crude oil prices. This marks the second consecutive session of decrease in palm oil futures.

(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