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Weekly CPO Forecast 27 Jan 31 Jan

 
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hc
Senior Member


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

PostPosted: Sun Jan 26, 2014 10:41 pm    Post subject: Weekly CPO Forecast 27 Jan 31 Jan Reply with quote

Dear Traders & Investors,

Good day everyone !

Crude Palm Oil (FCPO) on Bursa Derivatives traded bullish on short-covering last week. The April month contract closed at 2590 on Friday. Weak ringgit might have lent some support in lifting Palm oil prices. This week, we predict the may drive higher at 2630 areas if the bulls can stand above 2550 supports. Otherwise, piercing beneath 2550 will initiate new bear trend towards 2500 levels.

Have a good week ahead ! Laughing

On Behalf of Dar Wong.
_________________
HC
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