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RHB Research kept its bearish view on crude palm oil futures and advised traders to hold short positions. FCPO recovered RM30 on Thursday to close at RM4,440 after an intraday range of RM4,389 to RM4,482.
The research house flagged an upper shadow on the candlestick as a sign of selling pressure at higher levels.
Technical resistance around RM4,420 to RM4,500 suggests the recent rebound may fail, which points to continued downside pressure on palm oil prices for buyers.
businesstoday.com.myNov 13, 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.
