MPOB out but not much price actions. Pressure, yes. Palm oil stocks above 2million tonnes, keeps fcpo under 3100 again.
Not a good start for bulls for a lack of followthrough above 3100 but 3050-3100 is still a positive band. Therefore, upward bias remains in a sideways band instead of a trending mkt.
Not a good start for bulls for a lack of followthrough above 3100 but 3050-3100 is still a positive band. Therefore, upward bias remains in a sideways band instead of a trending mkt.
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