FCPO
FCPO 3rd Month Futures - 12 Mar 2026
Thu, 12-Mar-2026 09:14 am
by Dealing Team • Apex Futures

FCPO
Pivot
4464
Resistance
4550 / 4575 / 4610 / 4650
Support
4515 / 4490 / 4455 / 4420
Possible Range
4455 to 4610
Strategy
Long positions may be opened above 4550 with targets at 4575/4610 stop-loss at 4435
Short positions may be opened below 4515 with targets at 4490/4455 stop-loss at 4530

FCPO May month earn 71 points or +1.60% to closed at 4499 in previous session. Soybean oil surged as much as 4.6%, resuming a rally as elevated crude prices extended tailwinds for biofuels.

 

CBOT soyoil active trading contract gains 0.53 points to closed at 67.69 on current session. Dalian active traded palm olein contract gains 158 points to close at 9612 on previous night session.

 

The active FCPO contract remains above both the SMA-50 and SMA-200, with an immediate higher high identified around the 4680-4685 level, indicating that market sentiment is strong. However, the market may need to form a higher low to confirm that the upward momentum is sustained. On the 5-minute chart, a higher low has formed around the 4377-4395 zone, creating a potential double-bottom formation. Traders should also stay cautious if the price breaks below the 4375 level, as this could signal a potential downside move.

 

Intraday immediate resistance is seen at 4550-4575 area. A breakout above this zone could pave the way toward 4610, with an extended target at 4650. On the other hand, failure to maintain above 4515-4490 may trigger a pullback toward 4455. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4515 and 4450, respectively. 
 

(News Source: Bloomberg)

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Market Mover
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EUR 4.541033 4.545818
CNY 0.569785 0.570391
HKD 0.498988 0.502508
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