Author Topic: Malaysian palm oil Updates : Market factors to watch today  (Read 360 times)

Offline ruthlim

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Malaysian palm oil Updates : Market factors to watch today
« on: December 22, 2015, 11:07:30 AM »
Malaysian palm oil futures rose to a near three-month high on Monday, as a weaker ringgit and concerns that drier weather could curb output boosted prices.

Offline zakara

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WTI Crude Oil may rise in Jan 2019
« Reply #1 on: January 07, 2019, 08:20:20 PM »
There is a good chance that palm oil may regain some market share it lost previously in India after the government announced a reduction in import duties on crude palm oil and refined palm oil, effective since Jan 1. 2019.

If crude oil breaks above the $50 level, the market could go to higher levels, as high as $55 where we would see even more resistance. The little bit of a pullback in prices expected depends on stock market behavior.

WTI benchmark was trading up at $48.24. Price can find resistance around $50.Bullish divergence on momentum indicator also visible on daily charts with price making lower lows.

To get the best detail on Crude oil forecast 2019 visit the link given below-
https://www.mmfsolutions.my/blog/weekly-commodity-forecast-05-jan-12-jan-2019/

Offline Musictor9xx

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Re: Malaysian palm oil Updates : Market factors to watch today
« Reply #2 on: January 07, 2019, 11:45:43 PM »
i love to use Malaysian palm oil. it is very beneficial

Offline Musictor9xx

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Re: WTI Crude Oil may rise in Jan 2019
« Reply #3 on: January 07, 2019, 11:46:16 PM »
i want to buy this oil