CPO futures rebound on bargain hunting

The Edge Markets LogoThe Edge Markets1 mo ago

CPO futures rebound on bargain hunting

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The physical CPO price for July South was unchanged at RM5,000 a tonne.

Total volume decreased marginally to 91,214 lots today from 91,898 lots on Wednesday, while open interest narrowed to 305,650 contracts from 310,218 contracts on Wednesday.

We locate support level at RM4,500 a tonne and resistance at RM5,100 a tonne,” palm oil trader David Ng told Bernama.

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Article Details

Category: InvestingFinance

Topics: Wednesday Month Ended Benchmark Tonne 2022 Contract Higher Futures Palm Interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 17:37:16

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 2 minutes read

Article Length: 205 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6229

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