1018 GMT - Crude palm oil closed lower, reversing some of Wednesday's price gains owing to weakness in soybean oil prices, according to David Ng, a trader at Kuala Lumpur-based Iceberg X. Recent poor export performance is also weighing on sentiment, Ng says. He sees prices of crude palm oil supported above 4,500 ringgit a ton and resistance at 4,700 ringgit a ton. The Bursa Malaysia Derivatives contract for August delivery falls 75 ringgit to 4,602 ringgit a ton. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
June 04, 2026 06:18 ET (10:18 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments