Palm Oil Ends Lower as Inventory Concerns Linger — Market Talk
Bullish strength: 25/100
- Export demand is improving.
- Support is expected around 4,650 ringgit a ton.
Bearish strength: 75/100
- Elevated Malaysian inventories continue to concern traders.
- Strong October production is expected.
- The January palm oil futures contract fell 87 ringgit to 4,702 ringgit a ton.
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