FCPO
FCPO 3rd Month Futures - 29 July 2026
Wed, 29-Jul-2026 10:40 am
by Dealing Team • Apex Futures

FCPO
Pivot
4652
Resistance
4660 / 4672 / 4684 / 4700
Support
4646 / 4632 / 4620 / 4608
Possible Range
4600 to 4700
Strategy
Long positions may be opened above 4650 with targets at 4670/4684 stop-loss at 4620
Short positions may be opened below 4630 with targets at 4620/4632 stop-loss at 4690

FCPO October futures down by 30 points, or 0.64% to settle at 4,643 in the previous session. Oil rose sharply in Asia trading, following renewed tensions in the Middle East after Iran launched an attack on U.S. forces using ballistic missiles.

CBOT soyoil's actively traded contract increase by 0.02 points to 69.08 in the current session. Dalian active traded palm olein contract up drastically 33 points at 9358 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 4640 level. The market consolidated and created a new range yesterday. 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 4650, as the daily chart indicates sustained supportive momentum market sentiment. Immediate support and resistance levels are seen at 4640 and 4660, respectively. Traders should monitor buying momentum closely, as continued positive sentiment could reinforce the current supportive trend.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.074794 4.107436
EUR 4.643456 4.648249
CNY 0.603789 0.604421
HKD 0.519876 0.523537
SGD 3.151082 3.173349