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2025-10-30 18:24:05
[Palm Oil Falls to "Golden Opportunity," Rebounds After Support at 4200 Ringgit] ⑴ David Ng, a trader at Iceberg X in Kuala Lumpur, pointed out that after several days of declines, palm oil attracted bargain hunters, with the most active January contract rising slightly by 8 ringgit to 4,260 ringgit per tonne. ⑵ Ng set short-term support at 4,200 ringgit and resistance at 4,380 ringgit, clearly indicating a range-bound trading strategy. ⑶ Previously, prices were under sustained pressure mainly due to weak demand and increased production; the concentrated release of short-selling momentum triggered a technical rebound.
