FCPO
FCPO 3rd Month Futures - 24 June 2026
Wed, 24-Jun-2026 10:44 am
by Dealing Team • Apex Futures

FCPO
Pivot
4656
Resistance
4670 / 4695 / 4720 / 4745
Support
4550 / 4570 / 4600 / 4630
Possible Range
4620 to 4720
Strategy
Long positions may be opened above 4660 with targets at 4690/4720 stop-loss at 4630
Short positions may be opened below 4605 with targets at 4570/4690 stop-loss at 4675

FCPO July futures down by 15 points, or 0.32% to settle at 4,656 in the previous session. Asian stocks mostly eased and oil prices regained strength early on Wednesday after the US waived sanctions on Iran, while traders grappled with rising expectations the Federal Reserve may take more aggressive action to tackle inflation later this year.

CBOT soyoil's actively traded contract increased by 0.20 points to 66.81 in the current session. Meanwhile, the actively traded Dalian palm olein contract eased by 3 points to 9,375, reflecting a cautious and consolidative sentiment in the Chinese oil market.

The active FCPO contract continued to trade above the key 4,600 level, reflecting sustained buying interest and improving market sentiment. Overall, the market remains positively bullish for this week, supported by firm demand and strength in the oils market. Price action continues to hold within a constructive range, while buyers maintain control of the near-term trend. As long as prices remain above the immediate support zone, the bullish outlook is expected to stay intact. Immediate support and resistance levels are identified at 4,630 and 4,680, 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 4.074794 4.107436
EUR 4.673556 4.678380
CNY 0.603934 0.604564
HKD 0.519941 0.523599
SGD 3.157899 3.180212