FCPO
FCPO 3rd Month Futures - 2 July 2026
Thu, 02-Jul-2026 10:25 am
by Dealing Team • Apex Futures

FCPO
Pivot
4546.5
Resistance
4570 / 4600 / 4625 / 4640
Support
4500 / 4520 / 4535 / 4550
Possible Range
4550 to 4620
Strategy
Long positions may be opened above 4570 with targets at 4600/4625 stop-loss at 4545
Short positions may be opened below 4560 with targets at 4520/4535 stop-loss at 4615

FCPO September futures up by 8 points, or 0.18% to settle at 4,557 in the previous session. Oil prices dropped in early trade on Thursday after Qatar said Iran and the U.S. had made positive progress in indirect talks that concluded on Wednesday, focused on the Strait of Hormuz, which handled one-fifth of ‌global oil supply before the war.

CBOT soyoil's actively traded contract increase by 0.05 points to 65.54 in the current session. Dalian active traded palm olein contract losses 13 points or at 9241 on current session.

The active FCPO contract traded sideways during this week's session, reflecting mixed market sentiment. Price action showed signs of renewed buying interest yesterday, with intraday trading moving gradually higher, supported by improving sentiment in the oil market. The contract continued to hold above 4500, suggesting that buyers are slowly regaining control. Overall, today's trading session remains cautiously bullish, with the potential for further gains if buying momentum continues to strengthen.

Intraday resistance is currently seen around the 4,600–4,650 range. Traders should remain alert to any changes in market sentiment. Immediate support and resistance levels are identified at 4,550 and 4,580, respectively. 
 

(News Source: Reuters, CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.079748 4.111398
EUR 4.661928 4.665651
CNY 0.601977 0.602458
HKD 0.520350 0.523881
SGD 3.147313 3.168788