🌴 Palm Oil Futures (FCPOH2026) — Market Snapshot 🌴
📉 Trend: Short-Term Recovery
🚀 Exports weakened toward year-end, with shipments declining 5.2%–5.8% from November.
🌏 Crude oil prices slipped as the cartel prepares to meet virtually on January 4 to consider pausing further production increases.
📊 Technical Indicator: 🔁 Fibonacci Retracement
🧭 Major resistance remains at 3,894 MYR/ton a crucial level to watch for a breakout. Fibonacci Retracement levels in play, with prices gradually edging toward the 78.6% level.
💰 Support: 🔹 3,894 MYR/ton
🎯 Traders watching for reversal signals around this zone for short-term entries.
📈 Open Interest: 74.44K contracts
🪙 Indicates moderate participation — possible buildup before next move.
🛢️ Future Type: Crude Palm Oil (FCPOH2026)
🌾 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.
