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Weekly CPO Forecast – 2 Aug – 6 Aug

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia
PostPosted: Sun Sep 01, 2013 1:32 pm    Post subject: Weekly CPO Forecast – 2 Aug – 6 Aug Reply with quote
Dear Traders & Investors,

Good day everyone !

Crude Palm Oil Futures (FCPO) on Bursa Derivatives surged last week to 2485 and met profit-taking on Friday. The market traded sideways from 2396 - 2485 throughout the 5 days and edger lower towards weekend. The November contract closed at 2410 and may continue bear trend in coming week. Then market is prone to slide further to 2350 supports while immediate resistance lies at 2450 regions.

Have a great week ahead ! Laughing
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HC
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