FCPO
FCPO 3rd Month Futures - 19 Mar 2026
Thu, 19-Mar-2026 09:10 am
by Dealing Team • Apex Futures

FCPO
Pivot
4560
Resistance
4580 / 4620 / 4640 / 4670
Support
4560 / 4530 / 4515 / 4470
Possible Range
4560 to 4660
Strategy
Long positions may be opened above 4560 with targets at 4600/4620 stop-loss at 4545
Short positions may be opened below 4545 with targets at 4520/4500 stop-loss at 4570

FCPO June month down 49 points or 1.7% to closed at 4532 in previous session. Malaysian palm oil futures remained uncertain and cautious following mixed trading from rival oils.

CBOT soyoil active trading contract up 0.4 points at 65.48 on previous session. Dalian active traded palm olein contract rose 152 points or 1.57% at 9844 on previous night session.

The active FCPO contract continues to remain cautious trading despite the ongoing uptrend as consolidation range widen to about 150-200 basis point. While a sell-off was seen in previous session, 4500 seemed to hold quite firmly, which creates a momentarily support. In the daily chart, a bearish engulfing candle is form to indicate selling momentum. If the expected momentum was reversed instead, the bias will match with the current uptrend to provide a cause to move up (short-covering). Bear in mind, beware that given the recent volatility a 100-basis point retracement could be considered as “normal”. Immediate support and resistant levels are identified at 4550 and 4600 respectively. Beware of any potential sentiment changes.

(News Source: The Star, Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.904824 3.932412
EUR 4.518520 4.523835
CNY 0.569767 0.570393
HKD 0.498103 0.501644
SGD 3.058844 3.080621