Revenue-taking in CPO futures

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is predicted to witness profit-taking actions this week after its current sturdy efficiency.

Palm oil dealer David Ng stated a weaker exports outlook might also add strain on costs.

“We find the help at RM6,000 per tonne and resistance at RM6,700,” he informed Bernama.

The CPO lively month continued to hover at a one-month excessive final Friday and closed at its greatest weekly features of the yr.


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