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Bursa Malaysia crude palm oil futures ended the week lower, weighed by weaker exports and a softer Dalian edible oil market. Analysts expected the contract to trade range-bound with a downside bias next week, with support at RM2,600 and resistance at RM2,750.
Routine price outlook with a mild bearish tilt; the market is tracking export pace and rival oil moves, with little change to the supply picture.
thestar.com.myThe Star OnlineAug 22, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
