FCPO
FCPO 3rd Month Futures - 14 July 2026
Tue, 14-Jul-2026 10:10 am
by Dealing Team • Apex Futures

FCPO
Pivot
4536
Resistance
4550 / 4570 / 4586 / 4600
Support
4460 / 4480 / 4500 / 4520
Possible Range
4500 to 4600
Strategy
Long positions may be opened above 4550 with targets at 4570/4586 stop-loss at 4510
Short positions may be opened below 4515 with targets at 4480/4500 stop-loss at 4485

FCPO September futures up by 24 points, or 0.53% to settle at 4,535 in the previous session. Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.

CBOT soyoil's actively traded contract rose 0.21 points to 71.31 during the current session. In contrast, the actively traded Dalian palm olein contract declined 13 points to 9,250, reflecting weaker sentiment in the Chinese oil market.

The active FCPO contract remained supported above the 4,500 level, with prices continuing to consolidate within the 4,500–4,550 range. The market maintains a short-term supportive bias, although overall price action remains sideways as both buyers and sellers continue to participate actively. A successful breakout and close above the 4,580 level could reinforce the bullish outlook and trigger stronger upside momentum in the near term.

Immediate support and resistance are seen at 4,520 and 4,560, respectively. Traders should remain alert to shifts in market sentiment that may influence the contract's direction.

(News Source: Reuters, CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.053920 4.086373
EUR 4.650109 4.654931
CNY 0.600054 0.600676
HKD 0.517416 0.521059
SGD 3.139305 3.161412