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Epic Agri Commodity Update: Crude Palm Oil

Discussion in 'Technical Analysis' started by Epicresearch, Mar 21, 2013.

  1. Epicresearch

    Epicresearch Active Member

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    CPO trading range for the day is 450.53-453.53.Crude palm oil settled flat as downside was limited tracking gains in overseas prices on higher export demand.Palm prices were supported by Malaysian palm oil exports that rose 11 percent for the March 1-20 period to 927,665 tonnes.Market participants are counting on rising exports and seasonally slower production to pull down Malaysia's inventory levels.Crude palm oil prices in spot market remained.
     
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