FCPO
FCPO 3rd Month Futures - 22 July 2026
Wed, 22-Jul-2026 10:28 am
by Dealing Team • Apex Futures

FCPO
Pivot
4622
Resistance
4606 / 4618 / 4628 / 4636
Support
4567 / 4574 / 4587 / 4593
Possible Range
4580 to 4640
Strategy
Long positions may be opened above 4610 with targets at 4628/4636 stop-loss at 4595
Short positions may be opened below 4590 with targets at 4567/4574 stop-loss at 4620

FCPO October month down 126 points or -2.75% to closed at 4457 in previous session. Oil prices climbed about 2% on Tuesday to a five-week high, on worries that energy supply disruptions could worsen in the Middle East due to more attacks between the US and Iran and a threatened naval blockade of Saudi Arabia by Yemen's Houthis.

CBOT soyoil active trading contract surged 0.05 points at 71.51 on current session. Dalian active traded palm olein contract increase 5 points at 9289 on current session.

The active FCPO contract consolidated during the previous session as buyers and sellers remained evenly matched. On the 5-minute chart, prices continue to move sideways, forming lower highs and lower lows within the consolidation range. A sustained break above 4600 would confirm a bullish breakout, potentially establishing a new uptrend and attracting stronger buying momentum.

Intraday immediate resistance is seen at 4605-4620 area. A breakout above this zone could pave the way toward 4630. On the other hand, failure to maintain above 4580-4600 may trigger new sellers. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4593 and 4606, respectively. 

(News Source: Reuters)

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Market Mover
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