Palm oil futures closed higher, ending several days of consecutive declines.

⑴ Palm oil futures closed higher, ending several consecutive days of declines. ⑵ The December delivery contract on the Malaysia Derivatives Exchange rose by 3 ringgit to 4,771 ringgit per ton. ⑶ Kuala Lumpur Iceberg X trader Mr. Huang stated that despite the rebound, prices may come under pressure due to market expectations of rising inventories. ⑷ He expects palm oil prices to find support around 4,700 to 4,750 ringgit per ton. ⑸ He believes prices will encounter resistance near 4,850 to 4,900 ringgit per ton.