FCPO
FCPO 3rd Month Futures - 8 May 2026
Fri, 08-May-2026 10:16 am
by Dealing Team • Apex Futures

FCPO
Pivot
4562
Resistance
4538 / 4556 / 4563 / 4572
Support
4515 / 4500 / 4490 / 4480
Possible Range
4480 to 4600
Strategy
Long positions may be opened above 4580 with targets at 4556/4563 stop-loss at 4545
Short positions may be opened below 4640 with targets at 4500/4490 stop-loss at 4670

FCPO July month loses 39 points or -0.85% to close at 4538 in the
previous session. Oil prices extended declines, slumping to two-week
lows after Axios reported that Washington believed it was close to a onepage framework agreement with Iran to end the war.

Dalian’s most-active soyoil contract rose 0.78%, while its palm oil
contract added 0.37%. Soyoil prices on the Chicago Board of Trade were
down 2.39%. Palm oil tracks the price movements of rival edible oils, as
it competes for a share of the global vegetable oils 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 4490 region toward 4530 level,
suggesting underlying buying momentum remains normal. However,
downside pressure may accelerate if the market breaks below the 4470–
4505 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 4540–4575 area. A breakout above this
zone could pave the way toward 4620, with a further upside target near
4660. On the other hand, failure to sustain above 4560 may trigger a
pullback toward 4530. Traders should remain vigilant for shifts in market
sentiment. Immediate support and resistance levels are identified at 4520
and 4570, respectively.

(News Source: CNBC)

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Market Mover
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