Latest Weekly Futures Market View

LATEST WEEKLY MARKET VIEWS (30/9/2024)

(1) Crude Palm Oil Weekly

Malaysian palm oil futures ended the month with overall gains, but declined on Monday, marking the second consecutive session of losses as a stronger ringgit weighed on sentiment and traders remained cautious as palm continues to be priced at a premium against rival oils.

MPOB data

Read More: Crude Palm Oil Weekly

(2) Metals Weekly

Gold prices remain under pressure, hovering near $2,650 -$2,630. Despite a weaker U.S. dollar and dovish Fed expectations, the metal struggles to gain momentum amid a prevailing risk-on sentiment in global markets.

Read More: Metals Weekly

(3) Crude Oil Weekly

Oil prices extended gains on Monday, buoyed by escalating concerns over potential supply pressures from Middle East producers following Israel’s increased attacks on Iranian-backed forces in the region.

Read More: Crude Oil Weekly

(4) Financial Weekly

Malaysia’s KLCI last friday ended 0.7% lower at 1660.09 as investors booked profit through past few sessions after the index ended at a two-week high on Sep. 20.

Read More: Financial Weekly

(5) Grains Weekly

CBOT November 24 Soybean rose 5.311% for the week.

Read More: Grains Weekly

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