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Weekly FCPO Report 12 May - 16 May 2014

 
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hc
Senior Member


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

PostPosted: Sun May 11, 2014 8:03 pm    Post subject: Weekly FCPO Report 12 May - 16 May 2014 Reply with quote

Dear Traders & Investors,

Good day everyone !

Crude Palm Oil (FCPO) on Bursa Derivatives closed lower on weekly basis with July delivery contract settled at 2576. The market continues to weaken mostly due to the current low demands from China slowdown. This week, we foresee the sentiment will remain sluggish but the trend may pull up to 2610 regions before further decline. Downside target will be aimed at 2500 if the bears activate.

Have a great weekend ahead ! Laughing

On behalf of Dar Wong.
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