FCPO
FCPO 3rd Month Futures - 18 June 2026
Thu, 18-Jun-2026 10:23 am
by Dealing Team • Apex Futures

FCPO
Pivot
4525
Resistance
4590 / 4610 / 4635 / 4665
Support
4480 / 4495 / 4520 / 4560
Possible Range
4480 to 4620
Strategy
Long positions may be opened above 4580 with targets at 4610/4635 stop-loss at 4545
Short positions may be opened below 4530 with targets at 4495/4520 stop-loss at 4505

FCPO July futures up by 95 points, or 2.12% to settle at 4,578 in the previous session. Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal. Trump also reportedly said that he could resume attack on Iran if it failed to honor commitments. International Energy Agency expects a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year.

CBOT soyoil's actively traded contract declined by 0.73 points to 66.53 in the current session. Meanwhile, the actively traded Dalian palm olein contract dropped by 32 points to 9,333, reflecting a little weaker sentiment in the Chinese oil market.

The active FCPO contract remained well supported above the 4,500 level, demonstrating resilience despite the easing of geopolitical concerns following the conclusion of the Iran-Israel conflict. Market sentiment stayed positive, underpinned by steady demand and improving prospects within the edible oils market. Prices continue to consolidate within the 4,500–4,600 range, with short-term momentum leaning towards the upside. The overall trend is gradually improving as buying interest remains firm and key support levels continue to hold. A decisive move above 4,600 could strengthen the bullish outlook and pave the way for further gains. Immediate support and resistance levels are currently seen at 4,550 and 4,600, respectively.
 

(News Source: Reuters, CNBC)

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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