FCPO
FCPO 3rd Month Futures - 26 August 2026
Wed, 26-Aug-2026 10:27 am
by Dealing Team • Apex Futures

FCPO
Pivot
4971
Resistance
4950 / 4965 / 4980 / 5000
Support
4930 / 4915 / 4900 / 4885
Possible Range
4900 to 4980
Strategy
Long positions may be opened above 4950 with targets at 4965/4980 stop-loss at 4930
Short positions may be opened below 4920 with targets at 4900/4915 stop-loss at 4950

FCPO November futures down by 74 points, or 1.47% to settle at 4,946 in the previous session. Oil prices dropped about 2% on Wednesday, adding to the previous session's losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway.

CBOT soyoil active trading contract down 0.59 points at 67.16 on current session. Dalian active traded palm olein losses 14 points at 10050 on current session.

The active FCPO contract has broken below the previous support level and is currently trading around the 4,950 level. Based on the 5-minute chart, the market is showing a sideways consolidation pattern following the recent decline, with prices fluctuating around the current level. The contract remains below the 50-period and 200-period SMA, suggesting a cautious near-term outlook. For today, the market is expected to remain sideways.

Intraday immediate resistance is seen at 4950-4970 area. A breakout above this zone could pave the way toward 4980 level. On the other hand, failure to maintain above 4950 may trigger a pullback. Traders should remain vigilant for shifts in market sentiment. Immediate support and resistance level are identified at 4930 and 4950, respectively. 
 

(News Source: Reuters)

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