FCPO
FCPO 3rd Month Futures - 16 July 2026
Thu, 16-Jul-2026 10:18 am
by Dealing Team • Apex Futures

FCPO
Pivot
4603
Resistance
4590 / 4610 / 4630 / 4650
Support
4510 / 4530 / 4550 / 4570
Possible Range
4550 to 4650
Strategy
Long positions may be opened above 4580 with targets at 4610/4630 stop-loss at 4550
Short positions may be opened below 4560 with targets at 4550/4530 stop-loss at 4595

FCPO September futures down by 4 points, or 0.09% to settle at 4,671 in the previous session. Oil prices rose for a fourth straight day on Thursday after a new wave of U.S. strikes on Iranian military installations fuelled fears of renewed full-scale conflict and supply disruptions in the Strait ‌of Hormuz.

CBOT soyoil's actively traded contract decrease by 0.33 points to 70.60 in the current session. Dalian active traded palm olein contract down 63 points at 9247 on current session.

The active FCPO contract traded in a consolidation phase throughout the week, reflecting mixed market sentiment. The previous consolidation range of 4,500–4,530 has been broken, with the contract now trading within the 4,550–4,600 range. Despite the sideways price movement, the market continues to hold at supportive levels, indicating that the underlying trend remains intact. Overall, the near-term outlook has turned neutral as buyers and sellers remain evenly matched.

A decisive move above 4610 would signal a break of structure showed the bullish trend and potentially paving the way for further. Immediate support and resistance levels are seen at 4570 and 4600 respectively. Traders should remain cautious of any changes in market sentiment that could affect the current trend.

(News Source: Reuters, The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.057127 4.089542
EUR 4.667625 4.672382
CNY 0.601339 0.601952
HKD 0.517709 0.521346
SGD 3.148485 3.170672