FCPO
FCPO 3rd Month Futures - 29 May 2026
Fri, 29-May-2026 10:15 am
by Dealing Team • Apex Futures

FCPO
Pivot
4540
Resistance
4550 / 4570 / 4585 / 4600
Support
4440 / 4460 / 4490 / 4520
Possible Range
4510 to 4600
Strategy
Long positions may be opened above 4520 with targets at 4570/4580 stop-loss at 4485
Short positions may be opened below 4495 with targets at 4460/4490 stop-loss at 4575

FCPO July month up 38 points or 0.85% to closed at 4535 in previous 
session. Stock futures traded near flat on Thursday night as traders 
monitored the conflict in the Middle East and the fragile ceasefire 
between Iran and the U.S.

CBOT soyoil active trading contract up 1.50 points at 76.66 on current 
session. Dalian active traded palm olein contract up 31 points or 0.4% at 
9588 on current session.

The active FCPO contract rebounded after holding above the immediate 
daily support zone at 4495–4520, with prices potentially extending gains 
towards the 4550–4570 resistance region. On the 5-minute chart, prices 
continue to trade within an upward channel, forming a series of higher 
highs and higher lows, indicating that bullish momentum remains intact. 
The next immediate resistance is identified at the 4580–4600 level.

Intraday immediate resistance is seen at 4545-4570 area. A breakout 
above this zone could pave the way toward 4580, with an extended target 
at 4620. On the other hand, failure to maintain above 4470-4455 may 
trigger a pullback toward 4440. Traders should remain vigilant for shifts 
in market sentiment. Immediate support and resistance level are 
identified at 4495 and 4575, respectively. 

(News Source: Reuters)

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