FCPO
FCPO 3rd Month Futures - 8 Apr 2026
Wed, 08-Apr-2026 09:00 am
by Dealing Team • Apex Futures

FCPO
Pivot
4796
Resistance
4780 / 4800 / 4850 / 4880
Support
4740 / 4720 / 4695 / 4685
Possible Range
4695 to 4850
Strategy
Long positions may be opened above 4780 with targets at 4800/4850 stop-loss at 4765
Short positions may be opened below 4740 with targets at 4720/4695 stop-loss at 4755

FCPO June month dropped 46 points or -0.96% to closed at 4765 in previous night session. Soybean oil futures climbed to the highest since November 2022 after US President Donald Trump escalated threats to destroy Iran’s infrastructure, sending crude prices higher and boosting the appeal of biofuels as a cheaper alternative.

 

CBOT soyoil active trading contract losses 2.72 points to closed at 67 on current session. Dalian active traded palm olein contract losses 104 points to close at 9900 on previous night session.

 

The active FCPO contract slightly break below the consolidation zone, next target might be located at 4720-4655. On the 5-minute chart, price break below the bottom of consolidation zone 4800, forming an immediate lower low identifies at 4760-4755 level. Investor need to be caution if price break below 4720-4710 level.

 

Intraday immediate resistance is seen at 4780-4800 area. A breakout above this zone could pave the way toward 4850, with an extended target at 4880. On the other hand, failure to maintain above 4740-4720 may trigger a pullback toward 4695. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4740 and 4780, respectively. 
 

(News Source: Bloomberg)

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