Palm Oil Outlook: Bearish Bias Continues

Palm Oil Outlook: Bearish Bias Continues
CPO (Apr ‘25) remains in a bearish trend, with prices struggling below key resistance at RM 4,400. Traders can consider selling at CMP (RM 4,218) or on a rise to RM 4,244, keeping a stop-loss above RM 4,339.
Profit-Booking Zones: RM 4,000 & RM 3,833
Trend Reversal Above: RM 4,400
With technical resistance intact and downside targets in focus, market sentiment remains weak. Stay cautious and manage risk accordingly!
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CPO (Apr ‘25)—Trend remains Bearish until we close above RM 4,400
Disclaimer: There is a risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services LLP cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.