FCPO
FCPO 3rd Month Futures - 4 August 2026
Tue, 04-Aug-2026 09:52 am
by Dealing Team • Apex Futures

FCPO
Pivot
4633
Resistance
4660 / 4680 / 4700 / 4720
Support
4630 / 4615 / 4600 / 4590
Possible Range
4600 to 4700
Strategy
Long positions may be opened above 4660 with targets at 4680/4700 stop-loss at 4620
Short positions may be opened below 4640 with targets at 4600/4625 stop-loss at 4660

FCPO October futures down by 13 points, or 0.28% to settle at 4629 in the previous session. Oil prices tumbled Monday after President Donald Trump said he called off a planned strike on Iran.

CBOT soyoil's actively traded contract down by 0.14 points to 67.99 in the current session. Dalian active traded palm olein contract gains 19 points or at 9297 on current session.

The active FCPO contract rebounded from yesterday's low after finding support near 4620. On the 5-minute chart, prices formed a series of higher lows and have moved back above the 50-period SMA, reflecting improving buying momentum. Nevertheless, the contract is still trading below the 200-period SMA, which remains the key resistance. A breakout above 4650 may signal a stronger bullish move and attract additional buyers, while failure to clear this level could see prices consolidate between 4630 and 4650.

Intraday resistance is currently seen around the 4670–4680 range. Traders should remain alert to any changes in market sentiment. Immediate support and resistance levels are identified at 4630 and 4660, respectively. 
 

(News Source: Reuters, CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.080799 4.112451
EUR 4.718140 4.721806
CNY 0.606295 0.606759
HKD 0.520581 0.524115
SGD 3.182546 3.204183