FCPO
FCPO 3rd Month Futures - 17 Mar 2026
Tue, 17-Mar-2026 08:58 am
by Dealing Team • Apex Futures

FCPO
Pivot
4649
Resistance
4630 / 4660 / 4700 / 4740
Support
4600 / 4540 / 4510 / 4470
Possible Range
4600 to 4700
Strategy
Long positions may be opened above 4600 with targets at 4650/4680 stop-loss at 4570
Short positions may be opened below 4600 with targets at 4540/4510 stop-loss at 4630

FCPO May month down 51 points or 1.1% to closed at 4603 in previous night session. Malaysian palm oil futures remained uncertain with mixed trading from rival oils.

 

CBOT soyoil active trading contract dipped 3.49 points at 63.93 on previous session. Dalian active traded palm olein contract dropped 110 points or 1.1% at 9900 on previous session.

 

The active FCPO contract remained supportive yet short-term selling signal was shown in previous night session. Support levels were seen at 4540 to keep market’s bullish view intact. The market should maintain above 4600 to continue its buying momentum as 4700 target is still foreseeable. However, if the market trades below 4600, a temporary consolidation may be in the making. Sharp selling temporary should be unlikely with war factors causing repercussion effects to the logistics’, creating a surge in costings. Immediate support and resistant levels are identified at 4540 and 4630 respectively. Beware of any potential sentiment changes. 
 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.913293 3.944930
EUR 4.496285 4.501110
CNY 0.569247 0.569853
HKD 0.499949 0.503483
SGD 3.057006 3.078638