FCPO
FCPO 3rd Month Futures - 25 June 2026
Thu, 25-Jun-2026 10:27 am
by Dealing Team • Apex Futures

FCPO
Pivot
4594.5
Resistance
4620 / 4655 / 4695 / 4715
Support
4495 / 4515 / 4540 / 4570
Possible Range
4550 to 4700
Strategy
Long positions may be opened above 4615 with targets at 4655/4695 stop-loss at 4625
Short positions may be opened below 4580 with targets at 4540/4695 stop-loss at 4755

FCPO July futures down by 6 points, or 0.13% to settle at 4,592 in the previous session. US oil prices have fallen to their lowest level since the start of the Iran war after a surge as fighting shut down the Strait of Hormuz. In recent days, however, prices have declined amid optimism that the US-Iran agreement will reopen the strait.

CBOT soyoil's actively traded contract decrease by 0.06 points to 65.19 in the current session. Dalian active traded palm olein contract down drastically 272 points or 3.32% at 9063 on current session.

The active FCPO contract has weakened during this week's session, reflecting softer market sentiment. Price action remains under pressure, with intraday trading showing increased selling activity around the 4,500 level. The previous support zone has failed to hold firmly, indicating that sellers remain in control of the market. Overall, the near-term outlook has turned bearish, with further downside movement possible if selling pressure continues to persist.

The contract may continue testing the important support level at 4,500, as the daily chart indicates persistent selling pressure with no clear signs of a trend reversal. Immediate resistance and support levels are seen at 4,550 and 4,650 respectively. Traders should remain cautious of any further weakness in market sentiment that could accelerate the current bearish trend.
 

(News Source: Reuters, CNN)

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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