Trends - Oil Palm - Business Recorder

Oil Palm

Palm oil imports keep rising

Pakistan’s food imports have surpassed all records this fiscal year at $6.9 billion with 2 months remaining – ...

Published 03 Jun, 2021 07:25am

Markets

Palm oil target of 3,738 ringgit aborted

The support is not working alone. It is strengthened by another one at 3,856 ringgit on the daily chart and the third established by a rising channel.

Published 02 Jun, 2021 12:13pm

Markets

Palm oil may fall towards 3,738 ringgit

A break could open the way towards 3,698-3,774 ringgit range.

Published 01 Jun, 2021 11:40am

Business & Finance

WTO accepts Malaysia's request to examine EU palm oil rules

The trade source, who attended the meeting on Friday, confirmed the decision to set up the panel. The source declined to be named because of the sensitivity of the matter.

Published 31 May, 2021 02:31pm

Markets

Palm oil signals mixed

However, a spinning top forming on May 28 around 4,026 ringgit suggests a possible shallow fall towards 3,938 ringgit.

Published 31 May, 2021 11:40am

Markets

Palm oil to retest resistance at 4,010 ringgit

It will be confirmed when the contract breaks 4,010 ringgit.

Published 28 May, 2021 11:48am

Markets

Palm oil to bounce more to 4,132 ringgit

The trend may have resumed. It is observed that the resumption has been quite often accompanied by a high-low bottom.

Published 27 May, 2021 12:05pm

Markets

Palm oil set for first daily gain after four-day losing streak

The contract slumped 11% last week, the sharpest in a year, as a resurgence in COVID-19 cases and lockdown measures in India hit demand.

Published 25 May, 2021 12:39pm

Markets

Palm oil may test resistance at 4,010 ringgit

A break below 3,888 ringgit may not necessarily cause a fall to 3,738 ringgit.

Published 25 May, 2021 11:25am

Markets

Palm oil may seek support at 4,195 ringgit

A break below this level may open the way towards the range of 4,021 ringgit to 4,117 ringgit.

Published 20 May, 2021 12:59pm

Markets

Palm oil may fall to 4,273 ringgit

On the daily chart, the contract reapproached a strong resistance zone of 4,486 ringgit to 4,576 ringgit, formed by the 2008 high and a 161.8% projection level.

Published 19 May, 2021 12:08pm

Markets

Brent oil neutral in $67.14-$68.76 range

As far as the longer-term outlook is concerned, oil looks neutral in a range of $66.29-$70.75, within which the consolidation has lasted for two weeks.

Published 19 May, 2021 12:06pm

Markets

Palm oil may rise to 4,369 ringgit

This fall looks like a pullback towards the March 15 high of 4,192 ringgit, around which, the contract is stabilizing, as suggested by the doji forming on Monday.

Published 18 May, 2021 11:01am

Markets

Palm oil may retreat into 4,331-4,393 ringgit range

The gap appeared while a wave 5 was developing. It looks like an exhaustion gap, signalling a completion of the five-wave cycle from the April 30 low of 3,865 ringgit.

Published 17 May, 2021 12:00pm

Markets

Palm oil may break resistance at 4,393 ringgit

It is expected to test the resistance zone of 4,486-4,576 ringgit, formed by the 2008 high and a 161.8% projection level.

Published 12 May, 2021 12:29pm

Markets

Palm oil may retest resistance at 4,393 ringgit

It is expected to rise to 4,576 ringgit.

Published 11 May, 2021 12:27pm

Markets

Palm oil targets 4,494-4,556 ringgit range

A break below 4,393 ringgit, now a support, may cause a fall into 4,281-4,331 ringgit range.

Published 10 May, 2021 11:11am

Markets

Palm oil jumps 5pc

SINGAPORE: Malaysian palm oil futures jumped 5% on Friday, climbing to their highest level since 2008 and recording...

Published 08 May, 2021 03:30am

Markets

Palm oil targets 4,331-4,393 ringgit range

On the daily chart, the uptrend has just been confirmed. It looks steady and may develop faster over the next few weeks.

Published 07 May, 2021 11:38am

Markets

Palm oil targets 4,130-4,169 ringgit range

On the daily chart, the contract managed to close above a resistance at 4,026 ringgit for three days. It has escaped from a consolidation range of 3,856-4,026 ringgit, which suggests a target of 4,400 ringgit.

Published 06 May, 2021 11:59am

Markets

Palm oil poised to break resistance at 4,098 ringgit

Even though the contract failed four times to overcome this barrier, the subsequent corrections became shallower.

Published 05 May, 2021 12:23pm

Markets

Palm oil may retreat into 3,967-4,010 ringgit range

The shallow correction on the hourly chart will be a basic preparation for breaking a resistance at 4,131 ringgit.

Published 04 May, 2021 11:59am

Markets

Palm oil may rise into 3,967-4,010 ringgit range

A break below 3,855 ringgit could open the way towards the zone of 3,743-3,805 ringgit.

Published 03 May, 2021 12:18pm

Markets

Palm oil may retest support at 3,855 ringgit

A break above 3,967 ringgit will open the way towards a zone of 4,010-4,068 ringgit.

Published 30 Apr, 2021 11:33am

Markets

Palm reverses gains on cheaper rivals, lower Indian demand fears

However, higher palm oil exports from both Malaysia and Indonesia provided some cushion to the weakness.

Published 30 Apr, 2021 11:22am

Markets

Indonesia March crude palm oil output, exports surge on-year

JAKARTA: Indonesia’s crude palm oil production and exports surged in March on-year, while end-stocks remained low,...

Published 29 Apr, 2021 03:52am

Markets

Palm oil may rise into 4,130-4,231 ringgit range

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Published 28 Apr, 2021 10:43am

Markets

Palm oil may bounce again to 3,945 ringgit before falling

The drop could be limited to 3,698 ringgit.

Published 27 Apr, 2021 12:07pm

Markets

Palm oil may fall more to 3,859 ringgit

On the daily chart, a harami cross formed between April 22 and April 23, which is a bearish reversal signal.

Published 26 Apr, 2021 11:47am

Markets

Palm oil futures down

KUALA LUMPUR/SINGAPORE: Malaysian palm oil futures fell on Friday, snapping three straight sessions of gains, after...

Published 24 Apr, 2021 03:21am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
FTSE 100 / Apr 18	7877.05
Dow Jones / Apr 18	37775.38
Germany DAX 30 / Apr 18	17837.40
France CAC40 / Apr 18	8023.26
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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