FCPO
FCPO 3rd Month Futures - 24 July 2026
Fri, 24-Jul-2026 10:31 am
by Dealing Team • Apex Futures

FCPO
Pivot
4666
Resistance
4750 / 4770 / 4790 / 4810
Support
4600 / 4650 / 4680 / 4700
Possible Range
4700 to 4800
Strategy
Long positions may be opened above 4720 with targets at 4770/4790 stop-loss at 4695
Short positions may be opened below 4690 with targets at 4660/4680 stop-loss at 4750

FCPO October futures jumped by 88 points, or 1.90%, to settle at 4709 in the previous session. Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route ‌was forced to shut.

CBOT soyoil active trading contract down 0.21 points at 72.64 on current session. Dalian active traded palm olein gains 104 points or at 9518 on current session.

The active FCPO contract has traded on a bullish and supportive tone throughout this week's session, reflecting positive market sentiment. Earlier in the week, the contract saw mixed trading before strengthening, supported by positive sentiment surrounding global geopolitical developments. Holding above the 4750 level indicates that buyers are gradually regaining control of the market. Overall, today's session is expected to remain cautiously bullish, with further upside potential if buying momentum continues toward the end of the week.

Intraday resistance is currently seen around the 4750-4770 range. Traders should remain alert to any changes in market sentiment. Immediate support and resistance levels are identified at 4700 and 4750, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.072947 4.105580
EUR 4.664124 4.668929
CNY 0.603602 0.604223
HKD 0.519650 0.523306
SGD 3.156839 3.179208