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RHB Research kept its bearish technical outlook on crude palm oil futures despite a rebound on the prior Friday. The benchmark FCPO contract closed up RM65 at RM4,681 per tonne, with support seen near RM4,600.
A downward-sloping 50-day moving average and a intact bearish structure suggest traders may keep positioning short, which pressures palm oil prices if support fails.
businesstoday.com.myNov 2, 2026Not 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.
