FCPO
FCPO 3rd Month Futures - 23 Apr 2026
Thu, 23-Apr-2026 10:42 am
by Dealing Team • Apex Futures

FCPO
Pivot
4607
Resistance
4630 / 4645 / 4690 / 4715
Support
4600 / 4580 / 4560 / 4540
Possible Range
4540 to 4640
Strategy
Long positions may be opened above 4620 with targets at 4645/4700 and stop-loss at 4550
Short positions may be opened below 4600 with targets at 4580/4540 stop-loss at 4625

FCPO July month losses 11 points or -0.24% to closed at 4617 in previous session. The market was weighed down by tepid demand. Expectations of rising production from top growers also capped further gains.

CBOT soyoil active trading contract gains 0.35 points to closed at 71.75 on current session. Dalian active traded palm olein contract gain 47 points at 9833 on previous night session.

The active FCPO contract pulled back after testing the recent high and now moving sideways around 4600 area. Price is still holding above the 4500 support level, showing the market is still in a positive trend. However, if price breaks below 4600 level, it may continue to move lower targeting 4540, expecting short term long liquidation. On the 5-minute chart, price shows small recovery and trying to move higher from 4550 to 4650 level, but momentum is still not very strong.

Intraday immediate resistance is seen at 4620-4680 area. If price breaks above this level, it may continue to move up toward 4750, with possible extension to 4850 on the daily chart/longer time frame. On the other hand, if price fails to stay above 4550-4500, it may drop toward 4450. Traders should be careful and watch the market direction. Immediate support and resistance level are identified at 4500 and 4620, respectively. 

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Market Mover
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