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Malaysian palm oil futures rebounded on Tuesday after two straight sessions of losses, supported by firmer crude oil and soyoil prices, though weaker Dalian palm olein capped the advance. The benchmark palm oil contract for December delivery gained 20 ringgit, or 0.41%, to 4,877 ringgit ($1,197.10) a metric ton in earl
Palm oil may bounce into a range of 4,931-4,959 ringgit per metric ton, following its stabilisation around a support at 4,844 ringgit. The stabilisation, along with the following strong bounce, indicates a completion of the correction from 5,050 ringgit. Immediate support is at 4,868 ringgit, a break below which may tr
FCPOc3 has stabilised around support near 4,844 ringgit and may bounce into 4,931–4,959 ringgit/metric ton, implying the correction from 5,050 ringgit may be complete.