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Weekly CPO Forecast – 30 Sep – 4 Oct

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia
PostPosted: Sun Sep 29, 2013 11:50 am    Post subject: Weekly CPO Forecast – 30 Sep – 4 Oct Reply with quote
Dear Traders & Investors,

Good day everyone !

Crude Palm Oil Futures (FCPO) on Bursa Derivatives closed at 2312 in December month after it reversed up on last Friday. Overseas demand weakened and raising supply remain strong in suppressing the prices. Technically, we foresee the coming week could be uncertain as either directional trend could be possible. Climbing above 2340 might see recovery at 2400 targets but beware of decline again in case of weak fundamental news. The 2260 support must not be broken otherwise reaching down to 2200 levels is possible.

Have a great week ahead ! Laughing
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HC
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