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Malaysian palm oil futures ended higher on Bursa Malaysia Derivatives on Monday as physical demand picked up and the ringgit weakened. The analyst's technical view sees resistance near MYR 2,260 and support around 2,220 and 2,175-80.
Firmer physical demand and a weaker ringgit support near-term palm oil prices, though low volumes suggest the rally may fade.
thehindubusinessline.comGnanasekaar .TSep 3, 2018Not 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.
Same-day report of futures closing higher on stronger physical demand and a weaker ringgit, with technical levels that support a rally.
