FCPO
FCPO 3rd Month Futures - 22 Apr 2026
Wed, 22-Apr-2026 09:07 am
by Dealing Team • Apex Futures

FCPO
Pivot
4531
Resistance
4610 / 4650 / 4685 / 4720
Support
4565 / 4530 / 4490 / 4450
Possible Range
4490 to 4685
Strategy
Long positions may be opened above 4610 with targets at 4650/4685 stop-loss at 4595
Short positions may be opened below 4565 with targets at 4530/4490 stop-loss at 4580

FCPO July month increase 61 points or +1.36% to closed at 4559 in previous session. -- Indonesia’s consumption of palm-based biofuel was at 3.9 million kiloliters as of April 13, according to data from the energy and mineral resources ministry.

 

CBOT soyoil active trading contract losses 0.74 points to closed at 71.40 on current session. Dalian active traded palm olein contract gains 152 points to on previous night session.

 

The active FCPO contract rebound to the previous mention support 4595- 4590 level, following with a higher low switch from 4010 to 4450 level, price might trigger down if break below 4450-4440 level. On the 5-minute chart, price maintain it upward momentum after breaking the previous consolidation zone, a higher high switch from 4515 to 4600 level.

 

Intraday immediate resistance is seen at 4610-4650 area. A breakout above this zone could pave the way toward 4685, with an extended target at 4720. 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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