FCPO
FCPO 3rd Month Futures - 20 August 2026
Thu, 20-Aug-2026 10:52 am
by Dealing Team • Apex Futures

FCPO
Pivot
4875
Resistance
4920 / 4950 / 4980 / 5000
Support
4885 / 4865 / 4850 / 4825
Possible Range
4865 to 4950
Strategy
Long positions may be opened above 4920 with targets at 4950/4980 stop-loss at 4900
Short positions may be opened below 4880 with targets at 4850/4865 stop-loss at 4920

FCPO November futures up by 33 points, or 0.68% to settle at 4893 in the previous session. Crude palm oil prices are expected to remain firm in early trade on Thursday, supported by tightening supply fundamentals as investors weighed ongoing geopolitical disruptions and higher crude oil prices, while strong edible oil demand provided further support to the market.

CBOT soyoil's actively traded contract decreased by 0.09 points to 69.77 in the current session. Meanwhile, the actively traded Dalian palm olein contract rose by 109 points to 10079, reflecting a strong sentiment in the Chinese oil market.

The active FCPO contract remained supportive, with the market expected to continue its upward movement despite the potential formation of a double-top pattern. Prices may extend higher if buying interest remains strong, while profit-taking pressure may emerge below the 4900 level, which could trigger some selling activity. For today’s intraday trend, the market is expected to remain supportive with a potential for further upside. Immediate support and resistance levels are identified at 4890 and 4920, respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.065852 4.097386
EUR 4.589381 4.597416
CNY 0.610175 0.610647
HKD 0.518032 0.522054
SGD 3.177971 3.202709