🌴 Palm Oil Futures (FCPOG2026) — Market Snapshot 🌴
📉 Trend: Downward
🚀 Cutting the export duty to 9.5%.
🌏 Crude oil prices fall.
📊 Technical Indicator: 🔁 Support & Resistance
🧭 Major resistance remains at 3,891 MYR/ton a crucial level to watch for a breakout.
💰 Support: 🔹 3,847 MYR/ton
🎯 Traders watching for reversal signals around this zone for short-term entries.
📈 Open Interest: 94.96K 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.
