FCPO
FCPO 3rd Month Futures - 6 Apr 2026
Mon, 06-Apr-2026 08:41 am
by Dealing Team • Apex Futures

FCPO
Pivot
4830
Resistance
4850 / 4880 / 4910 / 4950
Support
4800 / 4780 / 4720 / 4685
Possible Range
4720 to 4910
Strategy
Long positions may be opened above 4850 targets at 4880/4910 stop-loss at 4835
Short positions may be opened below 4800 with targets at 4780/4720 stop-loss at 4815

FCPO June month gains 48 points or +1.00% to closed at 4839 in previous session. Palm oil headed for its biggest weekly gain in three, as plunging stockpiles in Malaysia and Indonesia’s abrupt pivot to increase its biodiesel mandate point to tighter supplies.

 

CBOT soyoil active trading contract gains 0.10 points to closed at 69.04 on current session. Dalian active traded palm olein contract earns 58 points to close at 9938 on previous night session.

 

The active FCPO contract reaching the new high level, break above previous mention resistance identifies at 4590-4600, next target might be allocated at 5130-5150 if market tend to remain it bullish sentiment. On the 5-minute chart, price is consolidating at 4800-4850 area, waiting for next directional move.

 

Intraday immediate resistance is seen at 4850-4880 area. A breakout above this zone could pave the way toward 4910, with an extended target at 4950. On the other hand, failure to maintain above 4800-4780 may trigger a pullback toward 4720. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4800 and 4850, respectively. 
 

(News Source: Bloomberg)

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