FCPO
FCPO 3rd Month Futures - 7 July 2026
Tue, 07-Jul-2026 10:51 am
by Dealing Team • Apex Futures

FCPO
Pivot
4540
Resistance
4580 / 4600 / 4620 / 4640
Support
4480 / 4500 / 4520 / 4545
Possible Range
4540 to 4650
Strategy
Long positions may be opened above 4540 with targets at 4600/4625 stop-loss at 4520
Short positions may be opened below 4555 with targets at 4500/4520 stop-loss at 4620

FCPO September futures up by 67 points, or 1.49% to settle at 4,550 in the previous session. Oil prices edged higher on Tuesday, but gains were limited as traders looked beyond easing geopolitical tensions in the Middle East and turned their attention to supply increases and demand prospects.

CBOT soyoil active trading contract up 0.35 points at 66.97 on current session. Dalian active traded palm olein gains up 148 points at 9347 on current session.

The active FCPO contract rebounded during yesterday's opening session, opening higher and maintaining positive momentum throughout intraday trading before testing the resistance zone. Based on the 5-minute chart, the contract remained in an upward trend despite moving sideways, indicating that bullish sentiment is still intact. Stronger bullish momentum could emerge if the contract breaks above the 4,580–4,600 resistance area.

Intraday immediate resistance is seen at 4600-4620 area. A breakout above this zone could pave the way toward 4630, with an extended target at 4640. On the other hand, failure to maintain above 4540 may trigger a pullback toward 4520. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4545 and 4580, respectively. 
 

(News Source: Reuters, CNBC)

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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