ZLBT Chats

Tuesday, November 2, 2010

Malaysia Derivatives Exchange >>> Crude Palm Oil Futures

Crude Palm Oil Ends Up +RM31
Fresh 27-Month High On Dollar, Soyoil

ZL's CPO open positions 3074.666 average LONG
Intraday Target 3133 / 3150 >>> Positional Target 3188 / 3250


CPO Dealers Quote
"The late rally in CPO futures may entice the bulls to push prices to the MYR3,100-MYR3,110/ton range tomorrow. But the rally may be temporary as prices have gone up too quickly," said a trading executive at Kuala Lumpur-based commodities brokerage.


CPO Recommendations
BUY ON DIP / WEAKNESS
HAPPY TRADING

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