FCPO
FCPO 3rd Month Futures - 10 July 2026
Fri, 10-Jul-2026 10:34 am
by Dealing Team • Apex Futures

FCPO
Pivot
4594
Resistance
4580 / 4600 / 4615 / 4630
Support
4530 / 4545 / 4552 / 4565
Possible Range
4550 to 4610
Strategy
Long positions may be opened above 4540 with targets at 4600/4615 stop-loss at 4510
Short positions may be opened below 4600 with targets at 4545/4550 stop-loss at 4630

FCPO September futures down by 14 points, or 0.3% to settle at 4,594 in the previous session. Oil prices rose today as tanker traffic through the Strait of Hormuz slowed following renewed attacks on commercial ships, raising concerns over potential disruptions to global oil supply. Despite the heightened tensions, the market is pricing in continued intermittent disruptions rather than a complete closure of the key shipping route.

CBOT soyoil active trading contract up 0.03 points at 68.72 on current session. Dalian active traded palm olein losses 91 points at 9296 on current session.

The active FCPO contract traded sideways during yesterday's session while maintaining a positive bias throughout intraday trading before testing the resistance zone. Based on the 5-minute chart, the contract remained in a supportive uptrend despite the consolidation, suggesting that bullish sentiment is still intact.

Intraday immediate resistance is seen at 4590-4610 area. A breakout above this zone could pave the way toward 4620, with an extended target at 4630. On the other hand, failure to maintain above 4540 may trigger a pullback toward 4520 and selling pressure could intensify. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4565 and 4580, respectively. 

(News Source: Reuters, CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.062076 4.093574
EUR 4.658868 4.662511
CNY 0.599505 0.599977
HKD 0.518548 0.522062
SGD 3.142888 3.164214