Trends - Oil Palm - Business Recorder

Markets

Palm oil may drop into 3,959-4,008 ringgit range

Signals on the chart of the June contract also suggest a drop, as confiremd by the bearish divergence on the hourly RSI and an exhaustion gap forming on March 12.

Published 16 Mar, 2021 11:16am

Markets

Palm oil rallies for ninth day to hit 13-yr peak on crude, rivals strength

Palm is also set for its longest consecutive daily rising streak in nearly 19 years.

Published 15 Mar, 2021 12:54pm

Markets

Palm oil may retreat into 4,008-4,048 ringgit range before rising

The uptrend will remain intact.

Published 15 Mar, 2021 11:07am

Markets

Palm set for best week in 5-1/2 years on tight supply, firm soyoil

Dalian's most-active soyoil contract rose 1.72%, while its palm oil contract gained 3.25%. Soyoil prices on the Chicago Board of Trade were up 0.4%.

Published 12 Mar, 2021 11:31am

Markets

Palm oil may rise into 4,008-4,048 ringgit range

Based on the depth of the drop to 3,160 ringgit, the contract may surge to 4,576 ringgit.

Published 11 Mar, 2021 10:57am

Markets

Rapeseed rush sends prices soaring as Chinese demand swells

PARIS/WINNIPEG/SHANGHAI: Rapeseed prices are surging to record highs as traders scour the world for supplies of the...

Published 11 Mar, 2021 05:25am

Markets

Palm oil may revisit Tuesday low of 3,827 ringgit

A small rising channel indicates a drop towards 3,698 ringgit, which will be targeted when palm oil falls below 3,827 ringgit.

Published 10 Mar, 2021 10:51am

Markets

Palm oil set to end five-day rally on plunge in March exports so far

Soyoil prices on the Chicago Board of Trade were down 0.5%.

Published 10 Mar, 2021 10:35am

Markets

Palm oil ends at 10-year high

KUALA LUMPUR: Malaysian palm oil futures on Tuesday rose for a fifth straight day to close at a 10-year high, as it...

Published 10 Mar, 2021 04:59am

Markets

Palm oil may drop into 3,801-3,834 ringgit range

It happened to appear around a short rising trendline.

Published 09 Mar, 2021 11:09am

Markets

Palm oil gains for fifth straight day on stronger soyoil, crude

Palm touched 10-year highs on Monday before closing 3.6% higher.

Published 09 Mar, 2021 10:42am

Markets

Brent oil may climb into $71.47-$71.80 range before falling

The uptrend is expected to resume once the shallow correction completes.

Published 08 Mar, 2021 09:51am

Markets

Palm oil row fuels Swiss vote on Indonesia trade deal

ZURICH: Switzerland votes Sunday on a free trade deal with Indonesia but the agreement, which opens up a vast...

Updated 07 Mar, 2021 05:23pm

Markets

Palm oil firms for third day, rising stocks forecast caps gains

Palm has gained 1.4% so far this week.

Published 05 Mar, 2021 11:16am

Markets

Palm oil may bounce into 3,713-3,752 ringgit range before falling

The wedge will be confirmed when the contract falls below 3,581 ringgit.

Published 04 Mar, 2021 10:12am

Markets

Palm ends three-day loss tracking soyoil, rising stocks outlook weigh

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed up 37 ringgit, or 1.02%, at 3,679 ringgit ($908.62) a tonne.
CGS-CIMB pegged crude palm oil output at 1.13 million tonnes, little changed from the previous month.

Published 03 Mar, 2021 05:52pm

Markets

Palm oil still targets 3,466-3,545 ringgit range

A break above 3,698 ringgit could open the way towards 3,856 ringgit.

Published 03 Mar, 2021 10:03am

Markets

Palm oil falls for third day

KUALA LUMPUR: Malaysian palm oil futures fell over 1% for a third straight session on Tuesday, slipping to a ...

Published 03 Mar, 2021 05:49am

Markets

Palm oil may fall into 3,466-3,545 ringgit range

A projection analysis on the uptrend from 3,210 ringgit reveals a realistic target zone of 3,466-3,545 ringgit range.

Published 02 Mar, 2021 10:08am

Markets

Palm hits 7-week high tracking soyoil; weak Feb exports weigh

Dalian's most-active soyoil contract rose 3.1%, while its palm oil contract climbed 2.1%. Soyoil prices on the CBOT were up 0.9%.

Published 01 Mar, 2021 12:44pm

Markets

China's soybean futures hit record high as supply, acreage tighten

Both beans can be used to make soybean oil for cooking, though some consumers in China have preference for non-GMO edible oils.

Published 01 Mar, 2021 12:41pm

Markets

Malaysia's Feb palm oil exports fall 8.2%

Here is the breakdown of the AmSpec Agri Malaysia palm export figures for February compared with a month ago.

Published 01 Mar, 2021 12:27pm

Markets

Palm oil may fall into 3,624-3,673 ringgit range

The bearish divergence on the hourly RSI suggests an exhaustion of the wave B, which could have peaked around 3,801 ringgit.

Published 01 Mar, 2021 10:11am

Markets

Palm oil eases from six-week highs, set for 7% monthly gain

Dalian's most-active soyoil contract was unchanged, while its palm oil contract gained 0.3%. Soyoil prices on the Chicago Board of Trade were down 0.8%.

Published 26 Feb, 2021 12:20pm

Markets

Oil prices drop amid US dollar strength, expectations for supply gains

"The market's probably right to think at this price level and given what the fundamentals are doing, there'll be more supply coming into the market over time."

Published 26 Feb, 2021 12:17pm

Markets

Palm oil may test resistance at 3,834 ringgit

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Published 26 Feb, 2021 09:57am

Markets

Palm oil ends three-day rally

KUALA LUMPUR: Malaysian palm oil futures ended lower on Wednesday, reversing from early gains and snapping a...

Published 25 Feb, 2021 04:58am

Markets

Palm oil may test resistance at 3,752 ringgit

Support is at 3,624 ringgit, a break below which could cause a fall into the 3,466-3,545 ringgit range. On the daily chart, the contract may break a resistance at 3,581 ringgit, following its failure on Feb. 15.

Published 24 Feb, 2021 10:11am

Markets

Palm oil gains 2% as crude, soyoil rise

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 74 ringgit, or 2.1%, to 3,618 ringgit ($895.32) a tonne during early trade.

Published 23 Feb, 2021 12:09pm

Markets

Palm oil may retest support at 3,465 ringgit

On the daily chart, the contract closed below a resistance at 3,581 ringgit. It is still likely to drop to 3,411 ringgit.

Published 23 Feb, 2021 11:04am