# RHB Sees Support Level For CPO At RM4,500 As Selling Pressure Remains

> 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.

- Date: 2026-11-02 · published 2026-11-02T06:06:23.330Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/74883-rhb-sees-support-level-for-cpo-at-rm4-500-as-selling-pressure-remains
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2026/11/02/rhb-sees-support-level-for-cpo-at-rm4500-as-selling-pressure-remains/

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