FCPO
FCPO 3rd Month Futures - 24 Apr 2026
Fri, 24-Apr-2026 11:18 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 gained slightly to close around 4582, supported by stronger crude oil prices and continued supply-side concerns in the global vegetable oil market.

CBOT soyoil active trading contract loses 0.61 points to closed at 71.14 on current session. Dalian active traded palm olein closed at 9537 on previous night session. 

The active FCPO contract continues to trade above the SMA-50 (around 4500) and SMA-200 (around 4300), showing that the overall trend remains positive. On the daily chart, price remains in an uptrend after strong rebound from the 4300–4400 support zone. While a strong resistance is seen around 4620, may expect the market to experience profit-taking and consolidates around 4540–4640.

If price manages to break above 4600, it may continue higher toward 4630–4690, with possible extension toward 4720 on stronger momentum. On the downside, failure to hold above 4560 may trigger short-term liquidation toward 4540–4500. Intraday immediate resistance is seen at 4600–4630 area, while support is identified at 4560–4540.

Traders should remain cautious and watch for breakout confirmation before initiating new positions. Immediate support and resistance levels are identified at 4560 and 4600, respectively.

(News Source: Bloomberg)

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