FCPO
FCPO 3rd Month Futures - 7 December 2023
Mon, 11-Dec-2023 09:39 am
by Dealing Team • Apex Futures

FCPO
Pivot
3724
Resistance
3749 / 3774 / 3801 / 3828
Support
3697 / 3670 / 3645 / 3620
Possible Range
3600 to 3900
Strategy
Long positions may be opened above 3750 with targets at 3774/3801 stop-loss at 3730
Short positions may be opened below 3720 with targets at 3645/3620 stop-loss at 3740

Following the bearish performance of soybean oil and dalian oil, the FCPO could trade lower. A break below 3675 (yesterday's low) would target 3645/3620 en route to 3568. On the flip side, the next resistance is located at 3724 (Pivot), followed by 3749 (R1), and finally 3779 (Yesterday’s high).

(News Source: Reuters)

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Market Mover
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