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Malaysian palm oil futures were muted, with the benchmark December contract falling 0.04% to 4,896 ringgit ($1,201.47) a metric ton by midday. Weaker crude oil prices and a stronger ringgit pressured buying interest, while thin market participation was noted. Cargo surveyor Intertek Testing Services estimated Malaysian
Malaysian palm oil futures traded in a tight range on Monday, with gains in Dalian soyoil countered by declines in palm olein and crude oil prices. The benchmark December palm oil contract on the Bursa Malaysia Derivatives Exchange edged up 0.31% to 4,913 ringgit ($1,205.64) per metric ton in early trade after falling
Palm oil may test a support at 4,868 ringgit per metric ton; a break below could open the way toward the 4,811 ringgit-4,844 ringgit range. The contract has broken a higher support at 4,902 ringgit.
TradingView News says palm oil (FCPOc3) may test support at 4,868 ringgit per metric ton; a break below could open a move toward 4,811–4,844 ringgit. The contract has broken support at 4,902 ringgit, with next support cited at 4,868.