FCPO
FCPO 3rd Month Futures - 15 May 2026
Fri, 15-May-2026 10:00 am
by Dealing Team • Apex Futures

FCPO
Pivot
4416
Resistance
4415 / 4475 / 4560 / 4620
Support
4340 / 4265 / 4200 / 4140
Possible Range
4265 to 4475
Strategy
Long positions may be opened above 4415 with targets at 4475/4560 stop-loss at 4400
Short positions may be opened below 4340 with targets at 4265/4200 stop-loss at 4355

FCPO July month losses 45 points or -1.01% to closed at 4393 in previous session. Palm oil declined to a two-month low on weaker imports by top buyer India and expectations that stockpiles in Malaysia will continue to climb in the seasonally high production months.
 

CBOT soyoil active trading contract earns 0.39 points to closed at 74.05 on current session. Dalian active traded palm olein contract losses 10 points to close at 9470 on current session.

The active FCPO break below the daily immediate support identifies at 4425-4420 level, might trigger down to 4322-4300 level. On the 5-minute chart, price ongoing a downward channel, with a series of lower high and lower low, next support identifies at 4375-4370 level.

Intraday immediate resistance is seen at 4415-4475 area. A breakout above this zone could pave the way toward 4560, with an extended target at 4620. On the other hand, failure to maintain above 4340-4265 may trigger a pullback toward 4200. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4340 and 4415, respectively. 

(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 3.915460 3.947106
EUR 4.599414 4.604229
CNY 0.578999 0.579621
HKD 0.500075 0.503611
SGD 3.076390 3.098124