Tuesday, December 23, 2025
Tuesday, December 23, 2025
spot_img
HomePakistanWeekly Technical Analysis of Palm Oil – 19 December 2025

Weekly Technical Analysis of Palm Oil – 19 December 2025

🌴 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.

More News

Why Pakistan’s Rice Exports Are Falling While India Maintains Its Position

In November, Pakistan exported 406,843 metric tons of rice worth $171 million, showing a month-on-month increase compared to October, when exports stood at 360,474 metric tons. Despite this improvement, Pakistan’s overall rice exports remain significantly below last year’s levels. In comparison with its neighboring country India’s rice exports largely remained stable compared to the previous year. From April to November 2025, India earned approximately $7.3 billion from rice exports, almost unchanged from the same period last year. As the world’s largest rice exporter, India’s export performance has played a key role in shaping global rice stocks, alongside good harvests in other major producing countries that have kept global supply comfortable.
- Advertisment -spot_img