FCPO
FCPO 3rd Month Futures - 19 August 2026
Wed, 19-Aug-2026 10:36 am
by Dealing Team • Apex Futures

FCPO
Pivot
4837
Resistance
4870 / 4885 / 4900 / 4915
Support
4840 / 4825 / 4810 / 4800
Possible Range
4800 to 4900
Strategy
Long positions may be opened above 4850 with targets at 4870/4890 stop-loss at 4810
Short positions may be opened below 4840 with targets at 4810/4830 stop-loss at 4850

FCPO November futures up by 41 points, or 0.85% to settle at 4,860 in the previous session. Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships.

CBOT soyoil's actively traded contract increased by 0.10 points to 69.71 in the current session. Meanwhile, the actively traded Dalian palm olein contract rose by 61 points to 9957, reflecting a strong sentiment in the Chinese oil market.

The active FCPO contract continued to trade above the key 4820 level, reflecting sustained buying interest. For today’s intraday trend, the market is expected to trade sideways with a supportive bias. On the daily chart, the strong bullish candle formed during yesterday’s session continues to indicate positive market sentiment. As long as prices remain above the immediate support zone, the bullish outlook on the daily chart is expected to remain intact. Immediate support and resistance levels are identified at 4840 and 4870, respectively. 

(News Source: Reuters, The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.043919 4.076373
EUR 4.698731 4.703540
CNY 0.601593 0.602209
HKD 0.515790 0.519424
SGD 3.166585 3.188978