FCPO
FCPO 3rd Month Futures - 20 July 2026
Mon, 20-Jul-2026 10:40 am
by Dealing Team • Apex Futures

FCPO
Pivot
4595
Resistance
4600 / 4620 / 4640 / 4655
Support
4520 / 4540 / 4560 / 4580
Possible Range
4550 to 4650
Strategy
Long positions may be opened above 4580 with targets at 4620/4640 stop-loss at 4575
Short positions may be opened below 4560 with targets at 4540/4560 stop-loss at 4610

FCPO October futures down by 12 points, or 0.26% to settle at 4,594 in the previous session. Oil prices surged more than 2% on Monday, with Brent crude climbing above US$90 a barrel after the United States and Iran expanded attacks in the Middle East, raising concerns over energy shipments through the Strait of Hormuz, Reuters reported.

CBOT soyoil's actively traded contract decrease by 0.20 points to 72.64 in the current session. Dalian active traded palm olein contract up drastically 123 points at 9368 on current session.

The active FCPO contract started the week on a stronger footing, reflecting improving market sentiment. Price action remained supportive during intraday trading, with buying interest emerging around the 4,620 level. The market consolidated throughout the previous week as global market sentiment remained mixed, resulting in cautious trading activity. Overall, the near-term outlook remains positive, with further upside potential if buying momentum continues to strengthen.

The contract may continue testing the immediate resistance level at 4,650, as the daily chart indicates sustained buying momentum with signs of strengthening market sentiment. Immediate support and resistance levels are seen at 4,580 and 4,630, respectively. Traders should monitor buying momentum closely, as continued positive sentiment could reinforce the current bullish trend.
 

(News Source: Reuters, The Star)

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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