FCPO
FCPO 3rd Month Futures - 28 July 2026
Tue, 28-Jul-2026 10:36 am
by Dealing Team • Apex Futures

FCPO
Pivot
4676
Resistance
4685 / 4700 / 4724 / 4743
Support
4600 / 4615 / 4635 / 4655
Possible Range
4620 to 4720
Strategy
Long positions may be opened above 4670 with targets at 4700/4725 stop-loss at 4640
Short positions may be opened below 4630 with targets at 4615/4635 stop-loss at 4710

FCPO September futures down by 50 points, or 1.06% to settle at 4,673 in the previous session. Oil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place, easing concerns over nearly two weeks of escalating conflict.

CBOT soyoil's actively traded contract decrease by 0.33 points to 69.20 in the current session. Dalian active traded palm olein contract down 104 points at 9223 on current session.

The active FCPO contract traded in a consolidation phase throughout the week, reflecting mixed market sentiment. The previous consolidation range of 4720–4740 has been breached, with prices now trading within the 4660–4700 range. Although price action remained sideways, the contract continued to find support around the 4660 level, suggesting that the underlying trend remains intact. Overall, the near-term outlook remains neutral as buyers and sellers continue to be evenly matched.

A decisive move above 4700 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 4650 and 4680 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 4.068809 4.101418
EUR 4.652982 4.657797
CNY 0.603321 0.603940
HKD 0.519111 0.522769
SGD 3.155371 3.177622