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Weekly CPO Forecast 26 Aug 30 Aug

 
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hc
Senior Member


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

PostPosted: Sat Aug 24, 2013 1:32 pm    Post subject: Weekly CPO Forecast 26 Aug 30 Aug Reply with quote

Dear Traders & Investors,

Good day everyone !

Crude Palm Oil Futures (FCPO) on Bursa Derivatives closed higher on weekly basis due to stronger demand. Weakening of ringgit ha spurred exports and trading volume surged throughout the week. The November contract closed at 2369 with approximately 30,800 lots on Friday. This week, we foresee the market will remain bullish with above targets set at T1 - 2400 and T2 - 2450 levels. Support lies at 2300 regions.

Have a great week ahead ! Laughing
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HC
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