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Weekly CPO Forecast – 18 Nov – 22 Nov

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia
PostPosted: Sun Nov 17, 2013 9:33 pm    Post subject: Weekly CPO Forecast – 18 Nov – 22 Nov Reply with quote
Dear Traders & Investors,

Good day everyone !

Crude Palm Oil Futures (FCPO) on Bursa Derivatives closed higher on Friday at 2609 level with approximately 43,000 contracts. The active contract will be rolled over to February month on coming Monday with probably continual bullish trend. Weakening Ringgit plays an important part in lifting the market prices. This week, we predict the uptrend will continue while support still lays at 2500 regions. Breaking above 2640 will initiate new buying interest for testing 2750 levels.

Have a great week ahead. Laughing
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HC
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