FCPO
FCPO 3rd Month Futures - 24 Mar 2026
Tue, 24-Mar-2026 09:02 am
by Dealing Team • Apex Futures

FCPO
Pivot
4589
Resistance
4650 / 4685 / 4740 / 4800
Support
4610 / 4565 / 4530 / 4490
Possible Range
4530 to 4740
Strategy
Long positions may be opened above 4650 with targets at 4685/4740 stop-loss at 4635
Short positions may be opened below 4610 with targets at 4565/4530 stop-loss at 4625

FCPO May month earn 83 points or +1.83% to closed at 4611 in previous session. The EPA is considering all stakeholder feedback as it works to get out blending mandates for biofuels.

 

CBOT soyoil active trading contract gains 0.37 points to closed at 65.95 on current session. Dalian active traded palm olein contract losses 232 points to close at 9588 on previous session.

 

The active FCPO contract is maintain above previous resistance now turn support, identifies at 4595-4565 level, next target might challenge 4800 if hold above current level. On the 5-minute chart, price facing resistance at 4635-4640 level, break below the immediate support identifies at 4615-4610 level, but overall remain upward momentum with higher low move up from 4470 to 4545 level and higher high move higher from 4590 to 4635 level.

 

Intraday immediate resistance is seen at 4650-4685 area. A breakout above this zone could pave the way toward 4740, with an extended target at 4800. On the other hand, failure to maintain above 4610-4565 may trigger a pullback toward 4530. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4610 and 4650, respectively. 
 

(News Source: Bloomberg)

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