July 30, 2024
On June 25, 2024, we shared an update on Crude Palm Oil Futures, which you can view here: https://www.youtube.com/watch?v=uSVoyiRWOns&t=0s Today, we discuss how price has a memory with previous resistance becoming support. Currently, the price is trading within a channel, with the 200-day and 50-day moving averages acting as support levels. The big question: will we see a rally beyond the 4,000 mark?
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