FCPO
FCPO 3rd Month Futures - 5 June 2026
Fri, 05-Jun-2026 10:31 am
by Dealing Team • Apex Futures

FCPO
Pivot
4637
Resistance
4590 / 4610 / 4625 / 4647
Support
4475 / 4490 / 4512 / 4530
Possible Range
4520 to 4660
Strategy
Long positions may be opened above 4550 with targets at 4610/4625 stop-loss at 4520
Short positions may be opened below 4545 with targets at 4490/4510 stop-loss at 4595

FCPO July futures down by 73 points, or 1.56% to settle at 4,602 in the previous session. Malaysian palm oil futures traded below MYR 4,650 per tonne, retreating from a recent rally as investors locked in profits after prices reached a two-week high. Sentiment was also pressured by weakness in competing edible oils on the Dalian and Chicago exchanges, while lower crude oil prices reduced support for the vegetable oil complex.

CBOT soyoil active trading contract down 0.21 points at 76.21 on current session. Dalian active traded palm olein losses down 211 points at 9490 on current session.

The active FCPO contract bounced higher after successfully holding above the immediate support zone of 4510–4530, with prices likely to test the 4550–4580 resistance area. However, on the 5-minute chart, the contract continues to trade within a downward trend structure, suggesting that bearish sentiment remains in place. The next key resistance level is seen at 4615–4630.

Intraday immediate resistance is seen at 4590-4615 area. A breakout above this zone could pave the way toward 4625, with an extended target at 4640. On the other hand, failure to maintain above 4620-4640 may trigger a pullback toward 4615. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4530 and 4595, respectively. 

(News Source: Reuters, CNBC)

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 3.995265 4.027326
EUR 4.657937 4.667456
CNY 0.591686 0.592296
HKD 0.510117 0.513710
SGD 3.112355 3.137425