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

FCPO
Pivot
4667
Resistance
4700 / 4735 / 4765 / 4800
Support
4585 / 4605 / 4630 / 4660
Possible Range
4620 to 4775
Strategy
Long positions may be opened above 4695 with targets at 4735/4765 stop-loss at 4675
Short positions may be opened below 4640 with targets at 4605/4635 stop-loss at 4695

FCPO July futures up by 26 points, or 0.11% to settle at 4,671 in the previous session. Oil rose slightly early Tuesday, fluctuating as investors show cautious optimism about an end to the conflict in the Middle East.

CBOT soyoil's actively traded contract increase by 0.33 points to 67.16 in the current session. Dalian active traded palm olein contract up 60 points or 0.52% at 9431 on current session.

The active FCPO contract has advanced for this week session, reflecting improving market sentiment. The previous consolidation zone between 4550 and 4650 appears to have been breached, with the 4650 area now acting as a new support region. Overall, the near-term outlook has shifted from neutral to bullish.

The contract may continue testing the important resistance level at 4700, as the daily chart still indicates strong buying interest and shows no clear signs of a trend reversal. A decisive move above 4710 would signal a break of structure, showed the bullish trend and potentially paving the way for further gains towards the 4800 level. Immediate support and resistance levels are seen at 4660 and 4700 respectively. Traders should remain cautious of any changes in market sentiment that could affect the current trend.

(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 4.131730 4.163584
EUR 4.750311 4.753957
CNY 0.611701 0.612173
HKD 0.527237 0.530801
SGD 3.196791 3.218482