FCPO
FCPO 3rd Month Futures - 9 Apr 2026
Thu, 09-Apr-2026 09:05 am
by Dealing Team • Apex Futures

FCPO
Pivot
4690
Resistance
4610 / 4650 / 4720 / 4760
Support
4565 / 4530 / 4490 / 4450
Possible Range
4490 to 4720
Strategy
Long positions may be opened above 4610 with targets at 4650/4720 stop-loss at 4595
Short positions may be opened below 4565 with targets at 4530/4490 stop-loss at 4580

FCPO June month dropped 179 points or -3.76% to closed at 4586 in previous session. Vegetable oil prices dropped as the US and Iran reached a temporary ceasefire deal, denting the appeal of crop-based biofuels. Wheat hit a one-month low and sugar also slipped.

 

CBOT soyoil active trading contract gains 0.20 points to closed at 67.62 on current session. Dalian active traded palm olein contract losses 92 points to close at 9608 on previous night session.

 

The active FCPO contract forming a bearish engulfing candle, break below the previous support level identified at 4595-4800. However, price is still above SMA-50 and SMA-200. On the 5-minute chart, a lower low was formed, switch from 4720 to 4565 level, if market tend to continue bullish should return above 4720 level, otherwise might facing downside pressure.

 

Intraday immediate resistance is seen at 4610-4650 area. A breakout above this zone could pave the way toward 4720, with an extended target at 4760. On the other hand, failure to maintain above 4565-4530 may trigger a pullback toward 4490. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4565 and 4610, respectively. 
 

(News Source: Bloomberg)

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