FCPO
FCPO 3rd Month Futures - 4 June 2026
Thu, 04-Jun-2026 10:36 am
by Dealing Team • Apex Futures

FCPO
Pivot
4636
Resistance
4690 / 4710 / 4725 / 4740
Support
4548 / 4570 / 4590 / 4620
Possible Range
4625 to 4700
Strategy
Long positions may be opened above 4650 with targets at 4710/4725 stop-loss at 4620
Short positions may be opened below 4605 with targets at 4570/4590 stop-loss at 4675

FCPO July futures advanced by 140 points, or 3.09%, to settle at 4,675 in the previous session. Malaysian palm oil futures extended their gains, rising more than 1.5% to approach MYR 4,650 per tonne after markets reopened following the extended holiday break. The upward momentum was further supported by improved market sentiment after U.S. President Donald Trump stated that Iran had agreed not to pursue nuclear weapons, although he noted that Tehran could still change its position in the future.

CBOT soyoil active trading contract down 0.30 points at 78.33 on current session. Dalian active traded palm olein losses down 22 points or 0.06% at 9707 on current session.

The active FCPO contract rebounded after holding above the immediate daily support zone at 4545–4560, with prices potentially extending gains towards the 4562–4580 resistance region. On the 5-minute chart, prices continue to trade within an upwards pattern, indicating that bullish momentum remains intact. The next immediate resistance is identified at the 4595–4620 level.

Intraday immediate resistance is seen at 4710-4725 area. A breakout above this zone could pave the way toward 4735, with an extended target at 4740. On the other hand, failure to maintain above 4590-4620 may trigger a pullback toward 4575. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4640 and 4725, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.072797 4.105430
EUR 4.668191 4.673021
CNY 0.603925 0.604543
HKD 0.519593 0.523248
SGD 3.158830 3.181112