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Live Updates  >  Live Update Details

2026-11-02 18:18:24

[Palm Oil Futures Close Lower as Crude Oil Weakness Drags Down Prices] ⑴ Palm oil futures closed lower, following the decline in crude oil prices, which reduced the attractiveness of palm oil as a feedstock for biodiesel. ⑵ Analysts at Kenanga Futures stated in a report that market sentiment remained cautious amid expectations of increased inventories in October and uncertainty surrounding a possible export tax exemption for Malaysia. ⑶ The firm set support and resistance levels for the January futures contract at 4630 ringgit and 4750 ringgit, respectively.

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Instrument Current Price Change

XAU

4079.41

-9.39

(-0.23%)

XAG

52.159

0.374

(0.72%)

CONC

89.99

-0.53

(-0.59%)

OILC

97.83

-1.30

(-1.31%)

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101.974

0.381

(0.38%)

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1.1177

-0.0041

(-0.37%)

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1.3392

-0.0056

(-0.42%)

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6.6671

0.0025

(0.04%)

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