KUALA LUMPUR, Oct 15 (Reuters) -Malaysian palm oil futures fell on Tuesday, extending losses from the previous session, dragged down by weakness in rival oils and crude oil prices.

The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange fell 27 ringgit, or 0.63%, to 4,286 ringgit a metric ton during early trade.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 fell 0.97%, while its palm oil contract DCPcv1 slid 1.26%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.24%.

* Palm oil tracks prices of rival edible oils as they compete for a share of the global vegetable oils market.

* Oil prices slid 3% in early Asian trade after a media report said Israel is willing not to strike Iranian oil targets, which eased fears of a supply disruption, and after OPEC lowered its outlook for global oil demand growth in 2024 and 2025. O/R

* Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.

* Cargo surveyors are expected to release Malaysian palm oil export estimates for October 1-15 later in the day.

* The ringgit MYR=, palm's currency of trade, weakened 0.16% against the U.S. dollar, making the commodity cheaper for buyers holding foreign currencies.

* Palm oil may fall to 4,206 ringgit per metric ton, as it failed again to break resistance at 4,406 ringgit, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS

* Asian stocks traded mostly higher on Tuesday, supported by a strong Wall Street close and investor optimism about corporate earnings, while the dollar held near a two-month top, aided by bets on a smaller U.S. rate cut next month. MKTS/GLOB

DATA/EVENTS

0600 UK Claimant Count Unem Chng Sept

0600 UK ILO Unemployment Rate Aug

0600 UK HMRC Payrolls Change Sept

0745 France CPI (EU Norm) Final MM Sept

0745 France CPI (EU Norm) Final YY Sept

0745 France CPI YY NSA Sept

0745 France CPI MM NSA Sept

0905 Germany ZEW Economic Sentiment Oct

0905 Germany ZEW Current Conditions Oct

1000 EU Reserve Assets Total Sept

Reporting by Ashley Tang; Editing by Sumana Nandy

For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type OILS/MY01. * To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 and press enter, or double click between the brackets. * Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11. Vegetable oils OILS/ASIA1 Malaysian palm oil exports SGSPALM1 CBOT soyoil futures 0#BO: CBOT soybean futures 0#S: Indian solvent SOLVENT01 Dalian Commodity Exchange DC/MENU Dalian soyoil futures 0#DBY: Dalian refined palm oil futures 0#DCP: Zhengzhou rapeseed oil 0#COI: European edible oil prices/trades OILS/E