FCPO
FCPO 3rd Month Futures - 8 December 2023
Mon, 11-Dec-2023 09:44 am
by Dealing Team • Apex Futures

FCPO
Pivot
3690
Resistance
3714 / 3738 / 3757 / 3775
Support
3672 / 3653 / 3629 / 3605
Possible Range
3600 to 3900
Strategy
Long positions may be opened above 3720 with targets at 3738/3757 stop-loss at 3700
Short positions may be opened below 3690 with targets at 3672/3653 stop-loss at 3710

Following the bullish performance of soybean oil and dalian oil, the FCPO could trade higher. A break above 3726 (yesterday's high) would target 3738/3757 en route to 3775. On the flip side, the next support is located at 3690 (Pivot), followed by 3672 (S1), and finally 3641 (Yesterday’s low).

(News Source: Reuters)

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Market Mover
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