FCPO
FCPO 3rd Month Futures - 14 May 2026
Thu, 14-May-2026 09:30 am
by Dealing Team • Apex Futures

FCPO
Pivot
4455
Resistance
4450 / 4470 / 4380 / 4350
Support
4420 / 4400 / 4380 / 4350
Possible Range
4400 to 4450
Strategy
Long positions may be opened above 4450 with targets at 4470/4500 stop-loss at 4420
Short positions may be opened below 4430 with targets at 4400/4380 stop-loss at 4455

FCPO July month down 45 points or 1% to closed at 4438 in previous session. Malaysian palm oil turned weak over selling momentum in Dalian’s olein market.

CBOT soyoil active trading contract down 1.06 points at 74.22 on previous session. Dalian active traded palm olein contract up 8 points or 0.08% at 9498 on previous night session.

The active FCPO contract bias remained weak given the strong bearish candle last week. A strong upside reversal has not seen yet, but has reached to the crucial daily support at 4400 level. In the daily chart a potential head and shoulder formation is showing, which further boosted the selling in previous session. However, confirmation of this said formation should only be valid if it breaks below 4400. Otherwise, may expect a correction upwards to navigate a triple bottom support around 4400. Immediate support and resistant levels are identified at 4400 and 4450 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 3.950192 3.981038
EUR 4.614086 4.622429
CNY 0.585467 0.586538
HKD 0.504022 0.507964
SGD 3.092670 3.114543