🌴 Palm Oil Futures (FCPOG2026) — Market Snapshot 🌴
📉 Trend: Upward Momentum Building
🚀 Weaken demand of Dalian vegetable oils.
🌏 Strong full year production to over 20 million tonnes.
📊 Technical Indicator: 🔁 Support & Resistance
🧭 Major resistance remains at 4,081 MYR/ton a crucial level to watch for a breakout.
💰 Support: 🔹 3,975 MYR/ton
🎯 Traders watching for reversal signals around this zone for short-term entries.
📈 Open Interest: 83.61K 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.
