# CPO futures to trade in range-bound mode next week | The Star

> 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.

- Date: 2020-08-22 · published 2020-08-22T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/51739-cpo-futures-to-trade-in-range-bound-mode-next-week-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2020/08/22/cpo-futures-to-trade-in-range-bound-mode-next-week

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