FCPO
FCPO 3rd Month Futures - 20 Apr 2026
Mon, 20-Apr-2026 09:05 am
by Dealing Team • Apex Futures

FCPO
Pivot
4476
Resistance
4465 / 4490 / 4530 / 4565
Support
4450 / 4415 / 4395 / 4375
Possible Range
4395 to 4530
Strategy
Long positions may be opened above 4465 with targets at 4490/4530 stop-loss at 4450
Short positions may be opened below 4450 with targets at 4415/4395 stop-loss at 4465

FCPO July month dropped 45 points or -1.00% to closed at 4450 in previous session. Malaysia is the latest country to lift biofuel blend rates as governments seek to ease pressure on diesel supply amid disruptions in the critical Strait of Hormuz.

 

CBOT soyoil active trading contract gains 0.56 points to closed at 68.72 on current session. Dalian active traded palm olein contract losses 50 points to close at 9399 on previous night session.

 

The active FCPO contract maintain below previous mention support 4595- 4585 level, next support might locate at 4325-4320 level. On the 5-minute chart, a lower low was formed, switch from 4565 to 4410 level, lower high switch from 4675 to 4515 level, indicating market sentiment are weak, price might get support by 4425-4410 area as immediate support.

 

Intraday immediate resistance is seen at 4465-4490 area. A breakout above this zone could pave the way toward 4530, with an extended target at 4565. On the other hand, failure to maintain above 4450-4415 may trigger a pullback toward 4395. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4450 and 4465, respectively. 
 

(News Source: Bloomberg)

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Market Mover
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