fullsizepinballmachine| Palm oil 2409 contract: The price of 7150 is supported, and it will be long on dips after adjustment

News summary

The palm oil p2409 contract has limited room for decline and is expected to be supported at the price of 7150. It is recommended to go long on dips. Pay attention to the MPOB report and domestic and foreign production and inventory dynamics.

Newsletter text

[Palm Oil 2409 contract downward is limited, with the price of 7150 providing support]

Southeast AsiafullsizepinballmachineThe main palm oil producing area of the company is about to usher in a seasonal resumption of production, and the supply situation of its producing area is gradually improving, which causes the focus of palm oil futures prices to move downward.

Despite this, considering that the high-yield pattern of soybeans in South America has gradually been absorbed by the market, and that the weather for US soybean planting may bring expectations of a premium, this may drive the overall phased upward trend of the oil and oil market.

In view of this, the potential for decline of the palm oil 2409 contract at the price of 7150 is considered limited, and investors can focus on long-term operations at a timely time after market adjustments.

At the same time, investors should pay close attention to the MPOB report, Malaysia's palm oil production and export data, and domestic palm oil imports and inventories in order to make more informed investment decisions.