FCPO
FCPO 3rd Month Futures - 15 July 2026
Wed, 15-Jul-2026 10:58 am
by Dealing Team • Apex Futures

FCPO
Pivot
4557
Resistance
4570 / 4590 / 4610 / 4630
Support
4470 / 4490 / 4525 / 4550
Possible Range
4530 to 4630
Strategy
Long positions may be opened above 4550 with targets at 4590/4610 stop-loss at 4520
Short positions may be opened below 4540 with targets at 4490/4525 stop-loss at 4625

FCPO July futures down by 50 points, or 1.10% to settle at 4,507 in the previous session. Oil prices rose Tuesday as the U.S. bombed Iran before imposing a naval blockade, while President Donald Trump abandoned his demand that ships pay a protection fee to transit the Strait of Hormuz.

CBOT soyoil active trading contract up 0.36 points at 71.06 on current session. Dalian active traded palm olein gains up 46 points at 9323 on current session.

The active FCPO contract traded sideways with a supportive bias throughout this week after holding above the immediate support zone around the 4,550 level. Based on the 5-minute chart, the contract continued to consolidate within a narrow range, indicating that buying and selling pressure remained balanced as traders awaited a breakout to determine the next directional move.

Intraday immediate resistance is seen at 4570-4590 area. A breakout above this zone could pave the way toward 4600. On the other hand, failure to maintain above 4520 may trigger a pullback toward 4500. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4550 and 4570, respectively. 

(News Source: CNBC)

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Market Mover
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