FCPO
FCPO 3rd Month Futures - 20 May 2026
Wed, 20-May-2026 11:10 am
by Dealing Team • Apex Futures

FCPO
Pivot
4561
Resistance
4580 / 4610 / 4630 / 4650
Support
4450 / 4480 / 4510 / 4550
Possible Range
4550 to 4640
Strategy
Long positions may be opened above 4640 with targets at 4590/4610 stop-loss at 4630
Short positions may be opened below 4520 with targets at 4510/4480 stop-loss at 4500

FCPO July month rose 54 points or 1.19% to closed at 4587 in previous 
session supported by firmer Dalian palm olein and steady external edible 
oil markets. Oil prices fell 2% on Tuesday in early Asian trade after U.S. 
President Donald Trump said he had paused a planned attack on Iran to 
allow for negotiations to end the war in the Middle East. During the 
evening session, the market was actively going up.

CBOT soyoil active trading contract surged 0.18 points at 75.37 on 
current session. Dalian active traded palm olein contract increase 19 
points or 0.11% at 9602 on current session.

The active FCPO break below the daily immediate support identifies at 
4550-4530 level, might trigger down to 4450-4480 level. On the 5-minute 
chart, price ongoing a upward channel, with a series of higher high and 
higher low, next support identifies at 4500-4520 level.  

Intraday immediate resistance is seen at 4590-4610 area. A breakout 
above this zone could pave the way toward 4620, with an extended target 
at 4640. On the other hand, failure to maintain above 4480-4510 may 
trigger a pullback toward 4450. Traders should remain vigilant for shifts 
in market sentiment. Immediate support and resistance level are 
identified at 4550 and 4650, respectively. 

(News Source: Reuters)

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