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Weekly CPO Forecast – 21 Apr – 25 Apr

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia
PostPosted: Sun Apr 20, 2014 5:52 pm    Post subject: Weekly CPO Forecast – 21 Apr – 25 Apr Reply with quote
Dear Traders & Investors,

Good day everyone !

Crude Palm Oil (FCPO) on Bursa Derivatives closed lower on Friday amid light trading over holiday weekend. The sentiment slid on profit-taking from 2700 highs as traders remain cautious ahead of China data in coming week. The July delivery contract settled at 2635 with support still rising at 2600 levels. This week, we expect to see a rebound in prices from 2600 – 2700 ranges while prone to more buying interest.

Have a great week ahead ! Laughing

On Behalf of Dar Wong.
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