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Weekly CPO Forecast – 20 Jan – 24 Jan

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia
PostPosted: Sun Jan 19, 2014 9:43 pm    Post subject: Weekly CPO Forecast – 20 Jan – 24 Jan Reply with quote
Dear Traders & Investors,

Good day everyone !

Crude Palm Oil (FCPO) on Bursa Derivatives was trading in short week due to holiday seasons in Malaysia. The newly roll-over April month closed at 2544 on Thursday. The market behaved in slight bullish sentiment as short-covering occurred. This week, we foresee the market will remain sideways while resisted at 2580 levels. Market sentiment is still bearish as the prices might hover at 2500 regions again if demand weakens.

Have a good week ahead ! Laughing
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HC
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