FCPO
FCPO 3rd Month Futures - 30 June 2026
Tue, 30-Jun-2026 10:41 am
by Dealing Team • Apex Futures

FCPO
Pivot
4591
Resistance
4590 / 4610 / 4625 / 4640
Support
4520 / 4545 / 4560 / 4575
Possible Range
4560 to 4640
Strategy
Long positions may be opened above 4550 with targets at 4610/4625 stop-loss at 4520
Short positions may be opened below 4600 with targets at 4545/4560 stop-loss at 4670

FCPO July futures up by 23 points, or 0.50% to settle at 4,589 in the previous session. Oil prices dropped on Tuesday, with investors eyeing the outcome of potential U.S.-Iran talks in Doha amid weekend missile fire from both sides that tested an interim ceasefire to end the four-month-old war.

CBOT soyoil active trading contract down 0.15 points at 66.38 on current session. Dalian active traded palm olein losses down 5 points at 9318 on current session.

The active FCPO contract rebounded during yesterday's session after holding above the immediate support zone at 4,560–4,570, with prices likely to test the 4,580–4,590 resistance area. On the 5-minute chart, the contract remained in an upward trend while trading sideways, suggesting that bullish sentiment is still intact. However, the market may experience a short-term pullback towards the 4,550 level due to the latest US-Iran news.

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 4560. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4565 and 4610, respectively. 

(News Source: Reuters, CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.052911 4.085350
EUR 4.637463 4.642299
CNY 0.598280 0.598896
HKD 0.517003 0.520660
SGD 3.134282 3.156359