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Weekly CPO Forecast – 17 Sep – 20 Sep

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia
PostPosted: Mon Sep 16, 2013 11:17 pm    Post subject: Weekly CPO Forecast – 17 Sep – 20 Sep Reply with quote
Dear Traders & Investors,

Good day everyone !

Crude Palm Oil Futures (FCPO) on Bursa Derivatives closed lower as November contracted expired on Friday. The newly roll-over December contract settled at 2344 with decline in trading volume. Higher inventory has worried the investors demand contracts. This week, we forecast the trend may begin its bearishness with resistance emerging at 2400. Potential for slide is possible as we expect the target to lie at 2250 levels.

Have a good week ahead !
_________________
HC
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