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Weekly CPO Forecast 9 Sep 13 Sep

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia

PostPosted: Sun Sep 08, 2013 5:32 pm    Post subject: Weekly CPO Forecast 9 Sep 13 Sep Reply with quote

Dear Traders & Investors,

Good day everyone !

Crude Palm Oil Futures (FCPO) on Bursa Derivatives closed higher on Friday with November contract settled at 2445. The sentiment was triggered by bargain hunting amid global uncertainty in Syria warfare. This week, we foresee the market will continue to hover from 2350 and 2490 ranges while being led by general commodity trends. Breaking above 2490 may climb higher to 2550 resistances.

Have a great weekend ahead ! Laughing
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HC
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