FCPO
FCPO 3rd Month Futures - 25 Feb 2026
Wed, 25-Feb-2026 09:01 am
by Dealing Team • Apex Futures

FCPO
Pivot
4073
Resistance
4065 / 4080 / 4095 / 4105
Support
4050 / 4035 / 4025 / 4010
Possible Range
4005 to 4070
Strategy
Long positions may be opened above 4065 with targets at 4080/4095 stop-loss at 4050
Short positions may be opened below 4050 with targets at 4035/4025 stop-loss at 4065

FCPO May month dropped 30 points or -0.73% to closed at 4053 in previous session. Palm oil futures are expected to hover between 4,000 ringgit and 4,300 ringgit a ton next month, as stronger demand from India helps balance large global soybean supplies and rising soy oil exports from China, according to the Malaysian Palm Oil Council (MPOC).

 CBOT soyoil active trading contract earns 0.62 points to closed at 60.50 on previous session. Dalian active traded palm olein contract dropped 44 points to close at 8814 on previous night session. 

The active FCPO contract remains under pressure as it is capped by the SMA-50, maintaining a weak market sentiment with a lower high has formed in the 4319-4343 range, reinforcing the bearish structure. On the 5-minute chart, the lower high has shifted down from 4150 to 4115, while the lower low has declined from 4053 to 4036. This progression of lower highs and lower lows indicates that the market continues to trade in a bearish trend. 

Intraday immediate resistance is seen at 4065-4080 area. A breakout above this zone could pave the way toward 4095, with an extended target at 4105. On the other hand, failure to maintain above 4050-4035 may trigger a pullback toward 4025. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4050 and 4065, respectively.

(News Source: Bloomberg)

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 3.879490 3.910828
EUR 4.586505 4.596176
CNY 0.565924 0.567111
HKD 0.495908 0.499928
SGD 3.062969 3.087829