Trends - Oil Palm - Business Recorder

Oil Palm

Palm oil poised to break resistance at 4,028 ringgit

On the daily chart, the uptrend looks steady. It is riding on a wave C which is expected to travel into 4,301-4,576 ringgit range.

Published 23 Apr, 2021 11:36am

Markets

Palm oil rallies to one-month peak on tight production, higher soyoil

Palm hits highest since March 23.
Price spread between soyoil and palm oil widening.

Published 22 Apr, 2021 04:59pm

Markets

CBOT wheat poised to rise to $6.93

The resistance is strengthened by another one established by a falling trendline.

Published 22 Apr, 2021 01:03pm

Markets

US oil may fall to $59.78

A break above $61.35 may lead to a gain to $62.62. On the daily chart, oil has broken a support at $61.74.

Published 22 Apr, 2021 12:29pm

Markets

Palm oil may test support at 3,844 ringgit

A break above 3,926 ringgit could lead to a gain to 4,028 ringgit.

Published 22 Apr, 2021 12:27pm

Business & Finance

Palm closes at near two-week peak on tight global edible oil supplies

Industry sees no change in April 1-20 output.
Tight output, better exports will keep stockpiles low.

Published 21 Apr, 2021 04:23pm

Markets

Palm oil neutral in 3,761-3,844 ringgit range

A high-low bottom developing above a rising trendline has taken shape. It confirms a completion of the drop from 4,192 ringgit and the continuation of the uptrend.

Published 21 Apr, 2021 12:06pm

Markets

Palm oil climbs 2pc

KUALA LUMPUR: Malaysian palm oil futures jumped more than 2% on Tuesday, boosted by stronger crude and competing...

Published 21 Apr, 2021 03:21am

Pakistan

Palm oil imports increase 34.83pc to $1.86bn in 3 quarters

The palm oil imports during July-March (2020-21) were recorded at $1860.935 million against the imports of $1380.245 million during July-March (2019-20).

Published 20 Apr, 2021 07:17pm

Markets

Palm oil climbs 2pc tracking crude, soyoil

Malaysia's April 1-20 exports rise between 10% and 13% m/m.
Market looks to soyoil, sunflower oil for direction – trader.

Published 20 Apr, 2021 05:14pm

Markets

Palm oil may hover above 3,659 ringgit

The contract is presumed to be riding on a wave c, which is capable of travelling below 3,659 ringgit. This wave may end around 3,659 ringgit, if it is very weak.

Published 20 Apr, 2021 11:38am

Markets

Palm oil July contract may hover below 3,722 ringgit

On the third month continuous chart, the contract seems to be riding on a wave c, which is capable of travelling far below the nearest support at 3,659 ringgit

Published 19 Apr, 2021 11:31am

Markets

Palm oil jumps 3pc

KUALA LUMPUR: Malaysian palm oil futures gained more than 3% on Friday on the back of tight supplies and stronger...

Published 17 Apr, 2021 03:28am

Markets

Palm gains nearly 3% on improving April exports, tight supplies

For the week so far, palm is down more than 2%.

Published 16 Apr, 2021 11:42am

Markets

Palm rises for third day on improving exports, higher soyoil

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 15 Apr, 2021 12:06pm

Markets

Palm oil may rise into 3,844-3,926 ringgit range

On the daily chart, a high-low bottom may have completed, as the contract stabilized around a support at 3,659 ringgit.

Published 15 Apr, 2021 11:30am

Markets

India’s March palm oil imports up

MUMBAI: India’s palm oil imports in March jumped 57% year on year as refiners increased purchases of the tropical...

Published 15 Apr, 2021 03:22am

Markets

Palm reverses early gains on higher output, container shortage

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 14 Apr, 2021 12:12pm

Markets

Palm oil neutral in 3,659-3,761 ringgit range

On the daily chart, a high-low bottom is developing.

Published 14 Apr, 2021 11:47am

Markets

Palm oil jumps 2pc

KUALA LUMPUR: Malaysian palm oil futures climbed 2% on Tuesday, snapping a three-day decline, as stronger rival...

Published 14 Apr, 2021 03:21am

Markets

Palm oil may test support at 3,597 ringgit

The pullback is assumed to be a part of a high-low bottom.

Published 13 Apr, 2021 11:12am

Markets

Palm oil may fall to 3,659 ringgit

These bearish signals crowded together to confirm a completion of the bounce from 3,495 ringgit.

Published 12 Apr, 2021 10:03am

Markets

Malaysia end-March palm oil stocks rise more-than-expected to 1.45 mln T

Crude palm oil production grew 28.4% from February to 1.42 million tonnes, while palm oil exports jumped 31.8% to 1.18 million tonnes, MPOB said.

Published 12 Apr, 2021 09:48am

BR Research

The forbidden s-word of agriculture

What is Pakistan’s largest agricultural and food commodity import over the past 5 years (excluding palm oil)?...

Published 12 Apr, 2021 07:30am

Markets

Palm oil may support at 3,761 ringgit

Both of them are bearish reversal patterns. When working together, they are more reliable. The historical high-low bottom pattern may be repeating.

Published 09 Apr, 2021 11:00am

Markets

Palm set for 3% weekly rise on prospects of strong demand, tight supply

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 09 Apr, 2021 10:55am

Markets

Wheat firms as dry weather threatens North American plantings

Brazil's second-crop corn planting could see yields trimmed by an estimated 3.6% this year, Agroconsult said.

Published 08 Apr, 2021 12:27pm

Markets

Bangladesh tenders to buy 50,000 tonnes rice via land transport

It has emerged as a big importer due to depleted stocks and record prices after repeated flooding ravaged its crop.

Published 08 Apr, 2021 11:51am

Markets

Palm oil may test resistance at 3,926 ringgit

The answer could be with the support at 3,761 ringgit, a break below which will confirm the pattern.

Published 08 Apr, 2021 11:28am

Markets

Palm tracks rival oils lower, down after 3 days of gains

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 08 Apr, 2021 11:20am

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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