FCPO
FCPO 3rd Month Futures - 5 August 2026
Wed, 05-Aug-2026 10:01 am
by Dealing Team • Apex Futures

FCPO
Pivot
4659
Resistance
4700 / 4720 / 4750 / 4780
Support
4665 / 4650 / 4630 / 4610
Possible Range
4680 to 4750
Strategy
Long positions may be opened above 4700 with targets at 4720/4740 stop-loss at 4660
Short positions may be opened below 4650 with targets at 4645/4660 stop-loss at 4700

FCPO September futures up by 66 points, or 1.43% to settle at 4,695 in the previous session. Oil prices fell sharply Tuesday after Treasury Secretary Scott Bessent indicated there may be a deal to open the Strait of Hormuz as soon as this week.

CBOT soyoil active trading contract up 0.69 points at 67.44 on current session. Dalian active traded palm olein gains 79 points at 9365 on current session.

The active FCPO contract traded within a sideways-to-bullish range during yesterday's session. Based on the 5-minute chart, the contract maintained its upward bias despite a period of consolidation, indicating that buying momentum remains intact despite ongoing global market uncertainties. Buyers continued to dominate throughout the week, keeping the overall short-term outlook supportive.

Intraday immediate resistance is seen at 4720-4730 area. A breakout above this zone could pave the way toward 4740, with an extended target at 4750. On the other hand, failure to maintain above 4700 may trigger a pullback toward 4680 and selling pressure could intensify. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4665 and 4700, respectively. 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.080799 4.112451
EUR 4.710095 4.718415
CNY 0.606198 0.606662
HKD 0.520298 0.524349
SGD 3.178923 3.203756