FCPO
FCPO 3rd Month Futures - 5 May 2026
Tue, 05-May-2026 10:28 am
by Dealing Team • Apex Futures

FCPO
Pivot
4638
Resistance
4620 / 4650 / 4670 / 4700
Support
4565 / 4530 / 4490 / 4450
Possible Range
4565 to 4690
Strategy
Long positions may be opened above 4620 with targets at 4650/4670 stop-loss at 4600
Short positions may be opened below 4565 with targets at 4530/4490 stop-loss at 4580

FCPO July month gains 43 points or +0.93% to close at 4663 in the 
previous session, supported by U.S. crude oil exports surge to record as 
tankers flock to Gulf Coast during Iran war.

CBOT soyoil active trading contract declined 0.74 points to close at 71.40 
in the current session, while Dalian’s active palm olein contract surged 
152 points in the previous night session, providing mixed external cues 
to the palm oil market.

The active FCPO contract rebounded strongly above the previously 
mentioned support zone at 4510–4500, forming a clear higher low shift 
from 4010 to 4450 level, indicating strengthening bullish structure. 
However, price may face downside pressure if it breaks below the 4450
4440 support region.

On the 5-minute chart, price maintains its upward momentum after 
breaking the previous consolidation zone, with a higher high progression 
from 4550 to 4660 level, suggesting continued buying interest in the near 
term.

Intraday immediate resistance is seen at 4620-4680 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 4620, respectively. 

(News Source: CNBC)

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