Palm Oil Ends Lower, Weighed by Concerns of Elevated Inventories — Market Talk
Bullish strength: 25/100
- Trader identifies support around 4,650 ringgit a ton.
- Firmer crude oil prices provided a potentially supportive external factor.
Bearish strength: 75/100
- Elevated Malaysian inventories weighed on prices.
- Expectations of strong October production pressured market sentiment.
- January palm oil futures fell 14 ringgit to 4,687 ringgit a ton.
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