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Weekly CPO Forecast – 9 Dec – 13 Dec

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia
PostPosted: Sun Dec 08, 2013 8:16 pm    Post subject: Weekly CPO Forecast – 9 Dec – 13 Dec Reply with quote
Dear Traders & Investors,

Good day everyone !

Crude Palm Oil Futures (FCPO) on Bursa Derivatives closed higher on Friday with February contract settled at 2667 levels. Approximately 29,000 contracts in the market before closing for the weekend. The bullish factor mainly came from weather concerns and shrinking Ringgit. This week, we reckon the market still maintain its bullish strength while crossing 2700 will ascend to reach 2760 regions. Support remains at 2600 levels which should not be violated.

Have a great week ahead ! Laughing
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HC
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