# Palm oil futures test key resistance levels - The HinduBusinessLine

> Malaysian palm oil futures rose more than 1% in a second straight session on Monday as traders expected stronger demand in January and lower output in the coming months. Prices rebounded from 2,420 MYR/tonne and the article flags resistance near 2,652 and 2,685-2,700 MYR/tonne. The analyst keeps a medium-term bullish outlook despite a possible head-and-shoulders pattern.

- Date: 2018-01-08 · published 2018-01-08T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/10984-palm-oil-futures-test-key-resistance-levels-the-hindubusinessline
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The technical setup points to near-term upside in palm oil, which can lift vegetable oil prices and feed-fat costs. The commentary is a chart-based view rather than a new fundamental shock, so its price impact is limited.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-01-08 | 5 | +6.7% | 3.3 | Futures rose over 1% for a second straight session on Jan 8 on expectations of stronger January demand and lower output, directly reflecting the move's end point. |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/palm-oil-futures-test-key-resistance-levels/article10020440.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.