FCPO
FCPO 3rd Month Futures - 7 May 2026
Thu, 07-May-2026 10:53 am
by Dealing Team • Apex Futures

FCPO
Pivot
4638
Resistance
4660 / 4684 / 4705 / 4720
Support
4638 / 4615 / 4578 / 4550
Possible Range
4640 to 4710
Strategy
Long positions may be opened above 4650 with targets at 4684/4705 stop-loss at 4645
Short positions may be opened below 4640 with targets at 4615/4580 stop-loss at 4670

FCPO July month loses 133 points or -1.33% to close at 4577 in the 
previous session. Oil prices rose Thursday in volatile trading as investors 
continue to assess the latest developments in the Middle East amid 
concerns over renewed tensions between Iran and the U.S.

CBOT soyoil traded mixed overnight, while stronger crude oil prices and 
steady Dalian palm olein performance provided supportive external cues 
to the palm oil market.

The active FCPO contract remained above the 50-day and 200-day 
moving averages, indicating that the broader bullish structure is still intact. 
Price also continued consolidate from the 4570 region toward 4600 level, 
suggesting underlying buying momentum remains normal. However, 
downside pressure may accelerate if the market breaks below the 4590
4625 support zone.

On the daily chart, FCPO rebounded strongly after retesting the 50-day 
moving average near 4530, with buyers pushing prices back toward the 
4590 level, reflecting renewed accumulation activity in the market.

Immediate resistance is seen at 4660–4720 area. A breakout above this 
zone could pave the way toward 4720, with a further upside target near 
4800. On the other hand, failure to sustain above 4560 may trigger a 
pullback toward 4550. Traders should remain vigilant for shifts in market 
sentiment. Immediate support and resistance levels are identified at 4635 
and 4660, respectively.

(News Source: The Star)

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