๐ด Palm Oil Futures (FCPOc1) โ Market Snapshot ๐ด
๐ Trend: Downward
โโ ๏ธ High stockpiles & production surge and 5 years low imports of India continue to pressure the market.
๐ Technical Indicator: ๐ Fibonacci Retracement
โ๐งญ Price approaching key support โ potential for technical bounce near retracement zone.
Fibonacci Levels:
S3 โ 4,043.67
S2 โ 4,072.32
S1 โ 4,090.02
๐ฐ Support: ๐น 4,043 MYR/ton
โ๐ฏ Traders watching for reversal signals around this zone for short-term entries.
๐ Open Interest: 84.08K contracts
โ๐ช Indicates moderate participation โ possible buildup before next move.
๐ข๏ธ Future Type: Crude Palm Oil (FCPOc1)
โ๐พ 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.
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.
