BEAMSTART Logo

CPO futures forecast to trade with downside bias next week

The Star Business LogoThe Star Business1 mo ago

CPO futures forecast to trade with downside bias next week

Quick Summary AI Powered

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend lower next week on profit-taking activities.

Total volume shrank to 318,743 lots from 438,658 lots in the previous week, while open interest narrowed to 207,785 contracts from 215,808 contracts previously.

He located support at RM4,500 a tonne and resistance at RM5,100 a tonne.


More Pictures


or

Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: SPPOMA Sathia Varqa Outlook Jim Teh Production CPO David Ng /Business/Business News Commodities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 11:47:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 305 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 26348

View Article Analysis

About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.