# Malaysian palm oil price falls on rising stocks, technical selling | The Star

> Malaysian palm oil futures fell more than 1% after three sessions of gains. The December contract was down 1.1% at 2,165 ringgit a tonne, its sharpest daily decline in a week, on expectations of rising inventories and technical selling.

- Date: 2018-09-27 · published 2018-09-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/7623-malaysian-palm-oil-price-falls-on-rising-stocks-technical-selling-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected inventory build and technical selling point to near-term downward pressure on palm oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-09-30 | 1 | -2.5% | -5.1 | Sept 27 futures fell over 1% on expectations of rising inventories and technical selling, a direct supply-and-sentiment driver of the late-September price drop. |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/09/28/palm-falls-1-pct-on-rising-stocks-technical-selling/

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