Weekly Technical Analysis of Palm Oil – 02 January 2026

🌴 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.

AGRI CROP

The Agri-Crop editorial team comprises commodity market analysts, rice trade specialists, and agriculture industry professionals based in Pakistan. We track daily price movements, export data, and policy developments across Pakistan’s key agricultural sectors.