slightly higher yesterday, tracking improved prices on the Chicago Board
of Trade and China’s Dalian Commodity Exchange, dealers said.
market is likely to be in a rangebound trade this week as market
players remain on the sidelines, ahead of the Chinese New Year holidays
The support price is expected at RM3,600 a tonne while resistance level at RM3,900 a tonne.
The futures contract saw February 2011 rising RM4 to close at RM3,815 a
tonne, March 2011 added RM5 to RM3,801 a tonne, April 2011 edged up RM3
to RM3,751 a tonne while May 2011 shed RM3 to RM3,690 a tonne.
Source : Business Times