FCPO
FCPO 3rd Month Futures - 4 May 2026
Mon, 04-May-2026 10:18 am
by Dealing Team • Apex Futures

FCPO
Pivot
4582
Resistance
4583 / 4604 / 4618 / 4630
Support
4534 / 4521 / 4508 / 4492
Possible Range
4534 to 4621
Strategy
Long positions may be opened above 4605 with targets at 4620/4630 stop-loss at 4590
Short positions may be opened below 4559 with targets at 4534/4521 stop-loss at 4574

FCPO July month fallen -8 points or -0.17% to closed at 4570 in previous
session. OPEC+ announces 188,000 barrels-per-day output increase in
first meeting without UAE.

CBOT soy oil active trading contract losses -2.91 points to closed at
102.50 on current session. Dalian active traded palm olein contract rose
41 points to close at 9821 on previous night session.

The active FCPO contract is around past support that has been mentioned,
4573. From the last week trading hour, the chart already shows that it
breaks the consolidate area and giving view to continue bearish trend
with the strong bearish candle from the last trade. With the supporting
with EMA that seem to cross, EMA 50 cross below EMA 200. This action
indicates bearish trend will appears.

Intraday immediate resistance is seen at 4580-4630 area. A breakout
above this zone could pave the way toward 4710. On the other hand,
failure to maintain above 4535-4490 may trigger a pullback toward 4476.
Traders should remain vigilant for shifts in market sentiment. Immediate
support and resistance level are identified at 4560 and 4583, respectively.

(News Source: CNBC)

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