NewsSignals
NewsSignals AI analysis·Reuters·

Palm oil may test support at 4,799 ringgit

Grade Bbearish AI signal
Palm oil futures could test support at 4,799 ringgit per metric ton, with a break below potentially opening the way to further losses. Technical analysis identifies downside targets at 4,736–4,773 ringgit, while resistance remains near 4,834–4,836 ringgit. A sustained break above resistance could invalidate the bearish correction scenario and open the way toward 4,918–4,974 ringgit.

Bullish strength: 35/100

  • A break above 4,834–4,836 ringgit could confirm an extension of the uptrend from 4,501 ringgit.
  • An upside breakout could open the way toward 4,918–4,974 ringgit.

Bearish strength: 65/100

  • Palm oil may test support at 4,799 ringgit per metric ton.
  • A break below support could trigger a decline into the 4,736–4,773 ringgit range.
  • Technical analysis suggests the correction from 4,852 ringgit may not be complete.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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