🌴 Palm Oil Futures (FCPOG2026) — Market Snapshot 🌴
📉 Trend: Upward Momentum Building
🚀 Dalian vegetable oils strengthened and global supply concerns persisted.
🌏 Indian refiners canceling 70,000 tons of soybean oil imports.
📊 Technical Indicator: 🔁 Fibonacci Retracement & Piercing Line
🧭 Major resistance remains at 4,210, a crucial level to watch for a breakout.
💰 Support: 🔹 4,050 MYR/ton
🎯 Traders watching for reversal signals around this zone for short-term entries.
📈 Open Interest: 81.09K contracts
🪙 Indicates moderate participation — possible buildup before next move.
🛢️ Future Type: Crude Palm Oil (FCPOG2026)
🌾 Benchmark Malaysian palm oil futures traded on Bursa Malaysia Derivatives.
It’s a caution that the information provided is for knowledge purposes only and should not be taken as a recommendation to buy or sell assets.
