CPO Futures End Mostly Lower

KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives ended mostly lower yesterday, dampened by weak market sentiment.

“On the technical chart, a sustained move above the RM2,330 level will push the price towards the RM2,380-RM2,410 levels,” Phillip Futures Derivative Product Specialist David Ng said.

August 2014 added RM3 to RM2,381 a tonne, but September 2014 decreased RM10 to RM2,316, while October 2014 and November 2014 fell RM14 each to RM2,293, respectively.

Volume declined to 47,097 lots from 49,375, while open interest slipped to 260,098 contracts from 265,949.

On the physical market, August South added RM10 to RM2,410 a tonne.Bernama


Source : New Straits Times

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