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Weekly CPO Forecast – 14 Apr – 18 Apr

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia
PostPosted: Sun Apr 13, 2014 9:05 pm    Post subject: Weekly CPO Forecast – 14 Apr – 18 Apr Reply with quote
Dear Traders & Investors,

Good day everyone !

Crude Palm Oil (FCPO) on Bursa Derivatives closed with a rebound on Friday due to short-covering in market. Market volume traded about 39,000 while active June delivery contract settled at 2614. This week, we reckon the support will remain strong at 2600 areas and sentiment will likely climb higher to 2680 target from technical corrections amid increasing demands.

Have a good week ahead ! Laughing

On behalf of Dar Wong.
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