FCPO
FCPO 3rd Month Futures (PM) - 9 May 2024
Thu, 09-May-2024 01:43 pm
by Futures Dealing • Apex Futures

FCPO
Pivot
3867
Resistance
3885 / 3907 / 3927 / 3947
Support
3845 / 3827 / 3807 / 3787
Possible Range
3800 to 3950
Strategy
Long positions may be opened above 3870 with targets at 3885/3907 stop-loss at 3840
Short positions may be opened below 3870 with targets at 3845/3827 stop-loss at 3900

FCPO Jul month fell 6 points or 0.16% to 3863 closed lower at midday. Malaysian palm oil futures ended mixed on Midday as stronger crude oil prices, though the gains were capped by a dip in prices of rival edible softs.

(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 4.186146 4.219371
EUR 4.664934 4.669654
CNY 0.594782 0.595398
HKD 0.537928 0.541710
SGD 3.240672 3.263549