FCPO
FCPO 3rd Month Futures - 8 July 2026
Wed, 08-Jul-2026 10:41 am
by Dealing Team • Apex Futures

FCPO
Pivot
4559
Resistance
4550 / 4565 / 4585 / 4600
Support
4480 / 4500 / 4520 / 4540
Possible Range
4540 to 4600
Strategy
Long positions may be opened above 4550 with targets at 4565/4585 stop-loss at 4500
Short positions may be opened below 4540 with targets at 4500/4520 stop-loss at 4500

FCPO September futures down by 1 point, or 0.02% to settle at 4,549 in the previous session. Oil prices jumped after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.

CBOT soyoil's actively traded contract increase by 1.02 points to 68.27 in the current session. Dalian active traded palm olein contract increased 57 points or at 9363 on current session.

The active FCPO contract traded sideways during this week's session so far, reflecting mixed market sentiment. At for today, prices moving gradually higher during intraday trading, supported by the global war news. The contract continued to hold above the 4,560 level, indicating that buyers are gradually regaining control. Overall, today's trading session remains cautiously bullish, with further upside potential if buying momentum continues to strengthen.

Intraday resistance is currently seen around the 4,570-4600 range. Traders should remain alert to any changes in market sentiment. Immediate support and resistance levels are identified at 4,540 and 4,580, respectively. 

(News Source: CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.054909 4.087376
EUR 4.648674 4.653494
CNY 0.598475 0.599094
HKD 0.517254 0.520894
SGD 3.139602 3.161757