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Weekly CPO Forecast – 17 Feb – 21 Feb

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia
PostPosted: Sun Feb 16, 2014 10:39 pm    Post subject: Weekly CPO Forecast – 17 Feb – 21 Feb Reply with quote
Dear Traders & Investors,

Good day everyone !

Crude Palm Oil (FCPO) on Bursa Derivatives closed higher after the newly rolled over May contract settled at 2667 on Friday. Market turnover was enhanced at approximately 40,000 contracts on last week and bullish sentiment was triggered by escalating soybean oil. This week, we foresee breaking above 2690 could continue to ascend higher at 2750 regions while 2600 levels will act as a strong support.

Have a great weekend ahead ! Laughing
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HC
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