ATHENA MARKET BUZZ

1530 10052025 ATHENAMARKETBUZZ FRIDAY Good Morning , Happy friday and have a great weekend.  MDEX opened on a lower note, with July standing at RM 3790, down by 41 points by lunchtime, marking a decline of over 1%. Subsequently, post lunch, we witnessed further selling pressure, attributed to an overnight sell-off in bean oil. Palm oil dipped to a low of RM 3767, where some bargain hunting ensued, leading to a settlement of July at RM 3810, down by 21 points. As previously stated, levels between RM 3750-3650 should be utilized for long positions, while levels above RM 3950 to RM 4000 can be considered for exiting longs, with levels exceeding RM 4250 potentially signaling fresh short opportunities. Palm production is on the rise, accompanied by a decrease in exports and a likely increase in stocks. This information is widely acknowledged, with traders already factoring it into forward markets. Palm still offers a discount for forward months, and if ROL tests USD 850 for JJ, it could be

1530 08052025 ATHENAMARKETBUZZ WEDNESDAY  Good Morning , MDEX opened slightly higher, and by midday, July settled at RM 3915, down by 15 points. The day's high for July reached RM 3956, but then selling pressure increased, resulting in a correction. At the time of writing, July Palm stands at RM 3874, down by 53 points. As previously mentioned, we anticipate selling of long positions between RM 3950-4000, with traders booking profits on their positions. Prices may correct towards RM 3750, and one can consider buying once it corrects below that level. Most traders are not bullish on palm prices, but resistance also lies around our target of RM 4450. We reiterate that once prices test RM 3750, they will likely bounce back with renewed vigor, attempting to breach our RM 4250 resistance level, where we suggest making shorts in the market. Overall, CNF India prices of CPO have once again crossed the USD 950 mark, but there is no significant follow-through demand. Longs may panic and se