FCPO1! US Soybean oil price will be going toward $55 to $60 for upcoming NewYear & Ramadan demand within few weeks. Malaysian palm oil price also buying range upto 4400 Ringgit. It will Possible to trade between 4400 - 4800 Ringgit upcoming months.
FCPO1! Malaysian palm oil stock looking for UP.... Weak demand shows for upcoming weeks, price looking for stable here for next one or two weeks,but its possible to price will coming down toward 4000 ringgit again.
FCPO1! On going Correction, Malaysian palm oil price will be going down for next few weeks. Next support level is 4350 Ringgit to 4100 Ringgit. US Soybean oil price also going for correction.
Price has broken above the upper Bollinger Band, a signal of strong bullish momentum. Price respected the midline several times before bouncing up, acting as dynamic support.