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Weekly CPO Forecast 19 Aug 23 Aug

 
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hc
Senior Member


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

PostPosted: Sun Aug 18, 2013 1:48 pm    Post subject: Weekly CPO Forecast 19 Aug 23 Aug Reply with quote

Dear Traders & Investors,

Good day everyone !

Crude Palm Oil Futures (FCPO) on Bursa Derivatives closed higher on stronger export data released last week. The market resumed its trading activities after mid week and closed higher as all commodities traded in former sentiment. The newly roll-over month in November closed at 2305 on Friday. This week, we foresee the market will trade with support at 2250 while topside potential may test 2400 levels

Have a great week ahead ! Laughing
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HC
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