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Weekly CPO Forecast 16 Dec 20 Dec

 
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hc
Senior Member


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

PostPosted: Sun Dec 15, 2013 5:28 pm    Post subject: Weekly CPO Forecast 16 Dec 20 Dec Reply with quote

Dear Traders & Investors,

Good day everyone !

Crude Palm Oil Futures (FCPO) on Bursa Derivatives closed lower on weekly basics mainly caused by the low export figures recently. The February contract settle at 2561 with approximately 31,000 contracts. This week, from the technical point of view we foresee the market might push towards to downtrend with the target approximately at 2470 region with the resistance capped at 2690.

Have a great week ahead ! Laughing
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HC
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