FCPO
FCPO 3rd Month Futures - 16 Jan 2026
Fri, 16-Jan-2026 09:09 am
by Dealing Team • Apex Futures

FCPO
Pivot
4016
Resistance
4073 / 4098 / 4121 / 4147
Support
4049 / 4024 / 4001 / 3976
Possible Range
4020 to 4120
Strategy
Long positions may be opened above 4073 with targets at 4098/4121 stop-loss at 4048
Short positions may be opened below 4073 with targets at 4049/4024 stop-loss at 4098

FCPO Apr month dropped 69 points or 1.7% to close at 3990. Malaysian palm oil futures fell more than 1% lower on Thursday for a third straight session, weighed down by weaker rival edible oils, crude oil prices, and Indonesia's plan to scrap its B50 biodiesel plans.

CBOT soyoil active traded contract jumped 1.99 point to close at 52.97 on previous session. Dalian’s active palm oil contract rose 22 points to close at 8646 on previous night session.

The active FCPO contract switches to the April month from today onward. The contract continues to trade within a sideways consolidation range, with prices falling to the low of 3,976 in the previous session before staging a recovery. The 3,975–3,980 zone marks the lower boundary of this consolidation range in daily chart. On the hourly timeframe, the price is forming a downward channel; however, strong buying emerged after touching the 3,976 low, pushing prices higher. Immediate resistance is seen at the 4,070–4,075 range, which sees as resistant range of the downward channel. A break above this resistance could open the way for further upside toward the 4,100 level. Conversely, failure to break above may result in a pullback, with immediate support located at the 4,025–4,030 range. Immediate support and resistant levels are identified at 4049 and 4073 respectively. Beware of any potential sentiment changes. 

(News Source: The Star, 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 4.042271 4.070676
EUR 4.714323 4.723988
CNY 0.581824 0.583002
HKD 0.517949 0.522124
SGD 3.137813 3.163354