Palm Oil Futures End Lower, Weighed by Weaker Rival Oils — Market Talk
Bullish strength: 20/100
- Trader David Ng expects support for crude palm oil futures around 4,250 ringgit per ton.
Bearish strength: 80/100
- January palm oil futures fell 119 ringgit to 4,258 ringgit per ton.
- Futures extended declines and ended below 4,300 ringgit per ton.
- Weaker soybean oil and crude oil prices weighed on sentiment.
- Concerns about record-high Malaysian inventories pressured the market.
- Sentiment could remain cautious ahead of next week's Malaysian Palm Oil Board report.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.