A three-bar moldable warp knitted fabric having a satin-like technical back suitable for use in forming seamless molded breast cups for women's brassieres is produced on a Raschel warp knitting machine by knitting satin-effect yarns on the machine's bottom bar in coursewise extended underlaps producing the satin-like technical back of the fabric, knitting high elongation-high shrinkage monofilament POY draw-warped polyester yarns on the machine's middle bar to form a stabilized fabric ground structure, and inlaying elastic yarns with the machine's top bar to impart a compacted stitch density to the fabric when relaxed. When placed over a heated molding surface of a breast cup mold, the ground yarns shrink sufficiently and become heat set to collapse the fabric into a permanent shape conforming to the molding surface, the elastic yarns maintaining sufficient stitch density in the molded fabric to retain a uniform satin-like surface effect at the fabric's technical back.