FCPO
FCPO 3rd Month Futures - 22 May 2026
Fri, 22-May-2026 10:47 am
by Dealing Team • Apex Futures

FCPO
Pivot
4524
Resistance
4490 / 4512 / 4532 / 4556
Support
4412 / 4422 / 4453 / 4460
Possible Range
4420 to 4540
Strategy
Long positions may be opened above 4552 with targets at 4560/4600 stop-loss at 4595
Short positions may be opened below 4470 with targets at 4460/4430 stop-loss at 4445

FCPO July month down 126 points or -2.75% to closed at 4457 in previous session. Oil prices resumed their rally Friday after declining for three straight sessions as investors weighed mixed messaging on Iran peace deal negotiations.

CBOT soyoil active trading contract surged 0.18 points at 75.37 on current session. Dalian active traded palm olein contract decrease 167 points or 2.87% at 9467 on current session.

The active FCPO break below the daily immediate support identifies at 4450-4430 level, might trigger down to 4400-4420 level. On the 5-minute chart, price ongoing a downward channel, with a series of lower high and lower low, next support identifies at 4450-4470 level.

Intraday immediate resistance is seen at 4512-4530 area. A breakout above this zone could pave the way toward 4550, with an extended target at 4570. On the other hand, failure to maintain above 4460-4440 may trigger a pullback toward 4430. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4460 and 4570, respectively. 

(News Source: Reuters)

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