FCPO
FCPO 3rd Month Futures - 23 July 2026
Thu, 23-Jul-2026 10:32 am
by Dealing Team • Apex Futures

FCPO
Pivot
4613
Resistance
4670 / 4700 / 4740 / 4770
Support
4550 / 4570 / 4600 / 4630
Possible Range
4650 to 4750
Strategy
Long positions may be opened above 4680 with targets at 4700/4740 stop-loss at 4635
Short positions may be opened below 4620 with targets at 4570/4600 stop-loss at 4670

FCPO October futures up by 12 points, or 0.26% to settle at 4,621 in the previous session. Oil prices rose on Thursday after a tanker was struck by an unknown projectile off Saudi Arabia and U.S. President Donald Trump threatened to bomb Iranian infrastructure in response to any attacks on ships transiting the Strait of Hormuz, escalating concerns over disruptions to global crude supplies.

CBOT soyoil's actively traded contract rise by 0.73 points to 73.46 in the current session. Dalian active traded palm olein contract dip 228 points at 9479 on current session.

The active FCPO contract continued to consolidate throughout the week while maintaining a supportive bias, indicating that bullish sentiment remains intact. The contract is currently trading within the 4650–4700 range. Although price action has been relatively sideways, the market continues to hold above key support levels, showing that the prevailing uptrend remains intact. Overall, the near-term outlook remains bullish, with buying momentum continuing to dominate.

A decisive move above 4650 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 4630 and 4680 respectively. Traders should remain cautious of any changes in market sentiment that could affect the current trend.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.070803 4.102421
EUR 4.658688 4.662372
CNY 0.603014 0.603482
HKD 0.519444 0.522975
SGD 3.153824 3.175253