FCPO
FCPO 3rd Month Futures - 21 August 2026
Fri, 21-Aug-2026 10:21 am
by Dealing Team • Apex Futures

FCPO
Pivot
4926
Resistance
4960 / 4975 / 4990 / 5010
Support
4950 / 4935 / 4920 / 4900
Possible Range
4930 to 5010
Strategy
Long positions may be opened above 4960 with targets at 4975/4990 stop-loss at 4920
Short positions may be opened below 4940 with targets at 4920/4935 stop-loss at 4960

FCPO November futures up by 66 points, or 1.35% to settle at 4,959 in the previous session. Oil prices jumped more than 2% on Thursday to settle at the highest in nearly a month, after US President Donald Trump warned of retaliation against nations supporting Iran, his latest attempt to resolve a war that has stranded millions of barrels of Middle Eastern oil.

CBOT soyoil active trading contract down 0.36 points at 71 on current session. Dalian active traded palm olein gains 80 points at 10162 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. Buyers continued to dominate throughout the week, keeping the overall short-term outlook supportive. For today, the market is expected to remain supportive to bullish. However, if prices break below the 4,945 level, traders may take profit, which could lead to some downside pressure. If the market continues to move higher, traders should consider cutting losses on short positions.

Intraday immediate resistance is seen at 4960-4980 area. A breakout above this zone could pave the way toward 5000 level. On the other hand, failure to maintain above 4950 may trigger a pullback. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4955 and 4970, respectively. 
 

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.028078 4.060496
EUR 4.729360 4.738927
CNY 0.601158 0.601778
HKD 0.513500 0.517628
SGD 3.169857 3.195407