FCPO
FCPO 3rd Month Futures - 5 December 2023
Mon, 11-Dec-2023 09:19 am
by Dealing Team • Apex Futures

FCPO
Pivot
3831
Resistance
3839 / 3847 / 3858
Support
3820 / 3809 / 3801
Possible Range
3700 to 4000
Strategy
Long positions may be opened above 3860 with targets at 3869/3907 stop-loss at 3840
Short positions may be opened below 3830 with targets at 3809/3801 stop-loss at 3850

Following the bearish performance of soybean oil and dalian oil, the FCPO could trade lower. A break below 3816 (yesterday's low) would target 3809/3801 en route to 3793. On the flip side, the next resistance is located at 3831 (Pivot), followed by 3854 (Yesterday’s high), and finally 3869 (R2).

(News Source: Reuters)

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