FCPO
FCPO 3rd Month Futures - 24 August 2026
Mon, 24-Aug-2026 10:43 am
by Dealing Team • Apex Futures

FCPO
Pivot
4995
Resistance
5030 / 5060 / 5080 / 5100
Support
5000 / 4960 / 4930 / 4900
Possible Range
4960 to 5050
Strategy
Long positions may be opened above 5000 with targets at 5030/5080 stop-loss at 4980
Short positions may be opened below 5000 with targets at 4960/4930 stop-loss at 5020

FCPO Nov month up 61 points or 1.23% to closed at 5020 in previous session. Malaysian palm oil rallied as El Nino weather forecast and technical play drove market to new high.

CBOT soyoil active trading contract down 1.69 points at 67.89 on current session. Dalian active traded palm olein contract up 17 points or 0.17% at 10163 on current session.

The active FCPO contract pushed to new high at 5031, crossing the 5000 mark since 2 years ago. Overall signs are buying with no indication of selling yet. Nevertheless, last Friday’s action is seemed to be on short covering. A potential retracement is likely as sentiment may cool off with rival oils turning slightly negative on current session. If 5000 not able to sustain, a cautious selling might take place targeting 4960 and 4930 respectively. Immediate support and resistant levels are identified at 4960 and 5030 respectively. Beware of any potential sentiment changes.

(News Source: The Star, Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.032092 4.058429
EUR 4.727705 4.730319
CNY 0.601817 0.602165
HKD 0.514265 0.517647
SGD 3.175026 3.196037