# Fall in Malaysian palm oil futures - The HinduBusinessLine

> Malaysian palm oil futures dropped as stockpile worries outweighed September export gains of about 50% month on month. The analysis flags support near 2,110-2,140 ringgit a tonne and resistance around 2,210-2,240, with the broader trend still bearish.

- Date: 2018-10-01 · published 2018-10-01T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/7621-fall-in-malaysian-palm-oil-futures-the-hindubusinessline
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Technical levels and rising inventories point to continued softness in palm oil prices unless buying volume returns.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-10-01 | 1 | -2.5% | -4.2 | Published on the move date, it says stockpile worries outweighed strong September exports and calls the broader trend bearish, which points to supply-driven selling pressure. |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/fall-in-malaysian-palm-oil-futures/article25099271.ece

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